All in all, the UK PMI services print.......>

UK DATA: All in all, the UK PMI services print wasn't bad given the

disappointment seen in the manufacturing and construction PMIs earlier this

week. Although backlogs of work continue to fall, confidence is holding up well

but Brexit views are still divisive.

Highlights from the press release:

- "The current period of falling backlogs of work is the longest recorded since

2011/12."

- "Service providers remain optimistic overall about their growth prospects for

the year ahead. However, the degree of confidence dipped during the latest

survey period, after having reached an eight-month high in May."

- "Anecdotal evidence revealed a wide range of views in relation to the business

outlook, with some firms anticipating a rebound in demand following greater

clarity about the path to Brexit. On the other hand, there were also widespread

reports that growth expectations remained subdued amid concerns that domestic

political uncertainty and subdued global economic conditions would continue to

hold back corporate spending."