Currencies: Sterling gains on strong UK services PMI
EUR/USD held close to the recent top in the 1.31 area as US eco data were not strong enough to change fortunes in favour of the dollar. Sterling jumped higher on a strong UK services PMI. EUR/GBP is testing the 0.85 area. Today, the focus will be on the ECB press conference. Will soft speak of ECB’s Draghi slow the recent rise of the euro?
Read the full report: FX Daily
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