British pound reaches 11-month maximums as UK services activity gains

British pound reaches 11-month maximums as UK services activity gains

On Thursday, the British pound rallied to the highest value since September versus the American currency after data telling that activity in UK service sector surged in June.

The currency pair GBP/USD showed 1.3266 - the most impressive reading since mid-September 2016.

According to financial data company Markit, its services purchasing managers’ index climbed up to 53.8 the previous month, compared to June’s result of 53.4. Experts hoped it would leapt to 53.6.

British companies informed that new business remained firm and hiring gained, but business expectations were relatively poor as uncertainty over Brexit kept weighing.

The British pound’s profits were held in check ahead of the BoE’s monetary policy gathering later on Thursday. Britain’s key bank was supposed to hold interest rates intact at record minimums as the risks from Brexit kept looming.

The pound grew versus the common currency, with EUR/GBP sliding 0.33% being worth 0.8936.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera