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Dear traders,
The GBP/USD pair recovered some of the ground lost in the previous sessions, settling in the 1.3540 price zone by the end of the US session. Dollar's weakness coupled with a strong Markit Services PMI. According to the survey, business activity growth picked up across the UK services sector, with the index up to 54.2 in December from 53.8 in November, although the report also showed that input price inflation hit a three-month high. U.K. mortgage approvals were little changed in November and net lending was below its recent average, according to the Bank of England.
Good trading!
The GBP/USD pair recovered some of the ground lost in the previous sessions, settling in the 1.3540 price zone by the end of the US session. Dollar's weakness coupled with a strong Markit Services PMI. According to the survey, business activity growth picked up across the UK services sector, with the index up to 54.2 in December from 53.8 in November, although the report also showed that input price inflation hit a three-month high. U.K. mortgage approvals were little changed in November and net lending was below its recent average, according to the Bank of England.
Good trading!
