Sterling given lift by services sector

28 July, 2011


The Pound has enjoyed a strong start to the week, with this morning’s PMI Services figures showing a pleasing return to growth in January.

Added to yesterday’s industrial figures, the gloom left by last week’s disappointing GDP figures has been somewhat lifted.

The Pound is now at its best level against the US Dollar for 3 months, and is also up against the Euro, which has been hit by the yesterday’s downgrading of Ireland’s credit rating.