Britain's Pound surges after final services PMI

Source: WBP Online
© Scanpix/Reuters
The Sterling rose against the US Dollar after the release of services PMI data in the UK. It had been forecast that the UK's services PMI would rise to 58. However, the actual value was higher than anticipated - 59.1 in July, compared to previous month's 57.9. The surprising data caused the Cable to rise to 1.6887, representing a 0.15% hike.
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