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  • UK service sector growth slows in January, but remains elevated

    From markiteconomics.com

    The UK service sector remained on a strong growth footing at the start of 2014, with activity and new business both continuing to rise markedly albeit at the slowest rates since mid-2013. Capacity came under renewed pressure, with backlogs rising at the sharpest rate since May 1997. Employment growth remained marked as a result, with recruitment in part bolstered by positive business expectations for activity. Confidence was at its highest since March 2010. The headline Business Activity Index recorded a level of 58.3 during January. That was down from 58.8 during December and the lowest reading for seven months. ... (full story)

what's with the price hesitation to go down ?
  •  Guest
  • | IP XX.XX.179.28
wait for a firm break,close and open
  •  Guest
  • | IP XX.XX.54.223
Quoting kylintz
what's with the price hesitation to go down ?
Waiting for adp news.
may be waiting for adp nonfarm
58.3 is a high number. It grows more than 58.0 for 2 consecutive months. Why should it go down? Instead any weakness in USD, bang, it flies up.
A cooling growth is still a lot better than what Spain has ie slowing rise ... of unemployment
forget about tomorrow, just steal away into the night
Fact is, £ index broke out to the upside, after OMG, FOUR years of chopping, I think this is a good sign.
forget about tomorrow, just steal away into the night
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