Sterling bounces back on service sector strength
Wednesday turned out to be pretty positive for the pound thanks to an unexpectedly upbeat UK services report.
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Wednesday turned out to be pretty positive for the pound thanks to an unexpectedly upbeat UK services report.
The pound held losses against the euro and US dollar on Tuesday, with GBP/EUR fluctuating between €1.1700 and €1.1643 and GBP/USD ending the day at $1
After starting the week strongly, the pound spent Monday sliding against currencies like the US dollar and euro.
A Sterling surge before the weekend helped the pound close out the week in a stronger position against the euro and recover earlier losses against bot
The pound's week of recovery continued on Thursday, with the Bank of England’s (BoE) interest rate decision giving Sterling an unexpected leg up.
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