News Column

Pound Mixed Ahead Of UK Services PMI

July 3, 2014

BRUSSELS (Alliance News) - Markit Economics and the Chartered Institute of Purchasing and Supply will release the U.K 's services PMI at 4:30 am ET Thursday. The CIPS/Markit services PMI is estimated to decrease marginally to 58.3 in June from 58.6 in May.

Ahead of the data, the Pound showed mixed trading against its major rivals. While the pound held steady against the Swiss franc and the US dollar, it rose against the yen. Against the euro, it fell.

As of 4:25 am ET, the Pound was trading at 0.7960 against the Euro, 1.5255 against the Swiss franc, 1.7160 the US dollar and 174.92 against the Yen.

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Source: Alliance News

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