UK Final Services PMI revised down to 54.1 in September, GBP/USD drops to mid-1.2800s

• UK Final Services PMI revised down to 54.1 in September.
• Renewed Brexit pessimism continued weighing on the GBP.

The UK services sector activity expanded less-than-expected in September, the final report from IHS Markit confirmed this Thursday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 54.1 in August from 54.1 preliminary estimates.

The data did little to influence the British pound, which remained depressed on the back of the incoming pessimistic Brexit-related headlines. The GBP/USD pair dropped to fresh session lows, around mid-1.2800s, in reaction to the softer reading.