UK Preliminary Services PMI steadies at 48.8 in November vs. 48.0 expected

• UK Manufacturing PMI stays unchanged at 46.2 in November, surpassing estimates.
• Services PMI in the UK comes in at 48.8 in November, beats estimates.
• GBP/USD keeps its range near 1.1900 on upbeat UK PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) holds steady at 46.2 in November versus 45.8 expected and 46.2 – October’s final revision.

Meanwhile, the Preliminary UK Services Business Activity Index for November arrived at 48.8 when compared to October’s final print of 48.8 and 48.0 expected.