Cable lower on U.K. services PMI

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Source: Forexpros

On Wednesday, the British Pound was traded close to a 3-week low versus the U.S. Dollar, after the U.K. data showed that its services PMI fell last month. GBP/USD reached the lowest since Sept. 13, which was 1.6084, and later consolidated at 1.6001, which was a 0.17% decrease during the European morning trading hours.

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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 13:22:45 GMT

Natural gas falls after 7-day winning streak

On Wednesday, futures for natural gas experienced a fall for the first time during the last 7 days after hitting a ten-month high on cold weather forecasts. On the NYMEX, November delivery futures eased 3.5 cents, or 1 %, to trade at 3.496 per MMBtu. Yesterday, futures added 1.5%, being traded at $3.531 per MMBtu, which was the highest since December 2.

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