UK Preliminary Services PMI jumps to 52.7 in December vs. 51.0 expected

• UK Manufacturing PMI fell to 46.4 in December, missing estimates of 47.5.
• Services PMI in the UK jumped to 52.7 in December, a big beat.
• GBP/USD regains upside traction despite mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 46.4 in December versus the 47.5 expected and, 47.2 - November’s final print.

Meanwhile, the Preliminary UK Services Business Activity Index jumped to a six-month high of 52.7 in December, compared with the 50.9 final print for November and the 51.0 market forecast.