Pound rises on upbeat U.K. service sector activity

Note: This section contains information in English only.
Source: Investing.com
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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Wed, 06 Aug 2014 07:04:12 GMT

Dollar close to 11-month high with boost from positive data

The US Dollar index was near a 11-month high as upbeat US data helped it climb on Wednesday. With the index reaching 81.626 on Tuesday the last number was not far off at 81.550. In addition the main force behind the move was the US services sector and factory orders data. Meanwhile, the Kiwi was lower due to falling milk prices.

Tue, 05 Aug 2014 12:41:06 GMT

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