U.K. service sector PMI drops a bit more than expected, coming in at 52.6 in February vs. 54.5...

|By:, SA News Editor

U.K. service sector PMI drops a bit more than expected, coming in at 52.6 in February vs. 54.5 the previous month. The chatter suggests numbers are still being distorted by harsh December weather. Cable drops on the release, but remains near 15 month highs at $1.6262. London shares rocket +1.3%. Full report.