Pound rises on upbeat U.K. service sector activity

Source: Investing.com
© Scanpix/AFP
The Sterling strengthened versus the U.S. Dollar as figures revealed the U.K. service sector was highly active in July. The Cable was trading at 1.6873 yesterday afternoon. Moreover the Sterling appreciated versus the common currency, with EUR/GBP standing at 0.7923, and versus the Yen, with GBP/JPY up 0.25% reaching 173.28. The U.K. service sector grew at the fastest pace during the last eight months in July.

 

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