Britain’s services PMI decelerated. It dropped much lower than the forecast by the expert traders. Analysts attribute the dip in pound to the bad weather and hail all over. This is not new in Britain.

Earlier in the month of November, Market Service PMI dropped to 49.7 in December from 53.0. However, the predicted value by the analysts went wrong then as well. Analysts believe that this could be because of the bad weather and unexpected subdued demands from the public sector.

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