US services activity cools to 57.9 in October, just shy of forecasts

S&P Global's flash services gauge dipped to 57.9 in October from 59.8, narrowly below the 58.0 estimate, while the manufacturing reading topped expectations at 56.0.

S&P Global's flash services gauge dipped to 57.9 in October from 59.8, narrowly below the 58.0 estimate, while the manufacturing reading topped expectations at 56.0.

Britain's private sector expanded at its quickest pace since February, as the S&P Global Composite PMI reading for October climbed to 53.1, topping both September's 52 and the 51.8 consensus call. The figure carries weight for GBP/USD positioning.