UK Preliminary Services PMI rises to 51.4 in December vs. 51.0 expected

• UK Services PMI edged higher to 51.4 in December, beat estimates.
• Manufacturing PMI in the UK fell further to 47.3 in December.
• GBP/USD extends gains above 1.2650 after UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) contracted further to 47.3 in December from 48.0 in November. The data missed the market consensus of 48.1