Sat, Mar 25, 2023 @ 11:31 GMT
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GBP/USD: UK Services PMI

The British Pound weakened against the Greenback, following the UK Services PMI data release on Thursday. The GBP/USD currency pair lost 22 pips, or 0.16%, to continue fluctuating in the 1.3596 area.

The Markit released Services Purchasing Managers’ Index that came out lower-than-expected of 52.8, compared to the 51.7 in the previous period.

“The services survey adds to signs that the rate of economic growth remained disappointingly subdued at the start of the second quarter,” said Chief Economist at Markit Chris Williamson.

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Dukascopy Swiss FX Group
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