Fri, 08 Jun 2012 06:51:28 GMT
UK service sector expands in May
UK service
sector expanded at a steady pace in May, increasing probability that the Bank
of England is likely to stick to the current monetary policy. The PMI for the
services remained unchanged at 53.3, which means that activity in service
sector is growing. Following the positive data, the Sterling appreciated against
the Dollar to $ 1.5471 from $ 1.5448.