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The British Pound strengthened against the Greenback, following the UK Service PMI data release on Wednesday at 08:30 GMT. The GBP/USD currency pair gained 25 pips, or 0.19%, to continue fluctuating in the 1.3209 area.
The Markit released the monthly UK Purchasing Managers' Index data that came out better-than-expected of 55.1, and also better from the previous period.
A currency analyst at TorFX Laura Parsons stands: "A combination of better-than-forecast UK construction data and worse-than-expected Eurozone retail sales figures kept the GBP/EUR exchange rate steady on Tuesday,"
| Historical Data Table: UK Service PMI | Economic Calendar for 05.07.2018 | ||||||||
| Date | 05.03.2018 | 05.04.2018 | 03.05.2018 | 06.06.2018 | 04.07.2018 | 10:00 AM | UK BOE Gov Carney Speaks | ||
| Actual | 54.5 | 51.7 | 52.8 | 54 | 55.1 | 11:15 AM | EU German Buba President Weidmann Speaks | ||
| Forecast | 53.3 | 53.9 | 53.5 | 52.9 | 54 | 12:15 PM | US ADP Non-Farm Employment Change | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.31763 | 1.32025 | 0.20% | GBP/USD | 61.27% | 38.73% | |||
| EUR/GBP | 0.88302 | 0.88221 | -0.09% | EUR/GBP | 36.45% | 63.55% | |||
| GBP/CAD | 1.73317 | 1.73649 | 0.19% | GBP/CAD | 53.68% | 46.32% | |||
| GBP/JPY | 145.611 | 145.919 | 0.21% | GBP/JPY | 57.09% | 42.91% | |||