UK November Services PMI likely to gain modestly

UK's Markit services and for the month of November is expected by market consensus to be 55, seeing slight gains from that of previous month's 54.9 print.

The Markit composite PMI for the month of November is likely to record a print of 55, dropping modestly from its previous print of 55.4 in October.  

"The services PMI showed a dip in September followed by a bounce in October to a level of 54.9 which we think takes it back to trend, supported by firm orders. We predict a marginal gain from 54.9 to 55.0", says Societe Generale in a research note.