The Great Britain pound jumped today after the report showed that Britain’s service industry unexpectedly grew in March, supporting the outlook for higher interest rates.
The Markit/CIPS Business Activity Index was at 57.1 in March, seasonally adjusted. It was expected to fall slightly to 52.5 from February’s 52.6. The business activity rose as companies benefited from improved business conditions, higher sales and increased enquiries.
GBP/USD climbed from 1.6130 to 1.6264 today as of 15:36 GMT.
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