Britain’s Pound Shows No Clear Trend After Positive Services PMI

The Great Britain pound was mixed today even though the services sector Purchasing Managers’ index was good. The currency gained on such majors like the US dollar and the Japanese yen, but fell against the Swiss franc and the euro.

The Markit/CIPS Services PMI advanced from 55.0 in March to 55.8 in April. The index showed the sharpest rise of the business activity since December. Forecasters missed with their promises of a decrease to 54.6.

GBP/USD advanced from 1.2865 to 1.2895 as of 10:31 GMT today, bouncing from the daily low of 1.2830. EUR/GBP rose from 0.8458 to 0.8479.

If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *