UK Preliminary Services PMI steadies at 54.3 in February vs. 54.1 expected

• UK Manufacturing PMI rose to 47.1 in February, missing estimates of 47.5.
• Services PMI in the UK held steady at 54.3 in February, a positive surprise.
• GBP/USD holds gains near 1.2700 after mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to 47.1 in February, below the market consensus of 47.5.

more to come ...