Pound gains versus U.S. Dollar on service sector data

The British Sterling increased on Tuesday trading session rising by the most in a four-week period versus its U.S. counterpart after an industry report showed that service sector in the United Kingdom jumped more than projected in April. The Pound strengthened as much as 0.7% to $1.6978 as of 1:07 p.m. in London, the largest advanced since April 8.