UK Preliminary Services PMI eases to 53.4 in March vs. 53.8 expected

• UK Manufacturing PMI rose to 49.9 in March, beating estimates of 47.8.
• Services PMI in the UK unexpectedly dropped to 53.4 in March.
• GBP/USD stays offered near 1.2770 after mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved sharply from 47.5 in February to 49.9 in March, above the estimated 47.8 reading.

more to come.. ..