UK Preliminary Services PMI jumps to 54.9 in April vs. 53.0 expected

• UK Manufacturing PMI contracted to 48.7 in April, missing estimates of 50.3.
• Services PMI in the UK rose sharply to 54.9 in April.
• GBP/USD holds higher ground near 1.2370 after mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell sharply from 50.3 in March to 48.7 in April, missing the estimated 50.3 reading.

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