British Services PMI is based on a survey of Purchasing Managers in the services industry. The survey asks respondents for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background UK Services PMI rose to 59.1 points in July, marking a 8-month high. This beat the estimate of 58.1 points. A reading above the 50-point level signifies expansion. The markets are expecting ... (full story)