UK Preliminary Services PMI declines to 52.9 in May vs. 54.7 expected

• UK Services PMI dropped to 52.9 in May.
• Manufacturing PMI in the UK expanded to 51.3. in May.
• GBP/USD holds higher ground near 1.2740 after mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rebounded from 49.1 in April to 51.3 in May, beating 49.5 expectations.

more to come ...