United Kingdom flash S&P Global Services PMI unexpectedly arrives lower at 48.7 in June vs. 50.0 estimates

Preliminary United Kingdom flash S&P Global Services Purchasing Managers’ Index (PMI) declines at a faster pace to 48.7 in June from 49.3 in May. The Services PMI was expected to arrive higher at 50.0, a figure that separates expansion from contraction.