Momentum at the World Cup mirrored by the Pound
CURRENCIES
Market update – 04/Jul/2018
What an amazing night for Englands young lions getting through to the Quarter Finals of the World Cup via the oft-dreaded penalties route! There was also good news at home for the pound with the services sector activity in the UK economy extending its rebound in the month of June.
The services PMI jumped to 55.1 in June versus a 54.0 reading booked in June driving the Pound up against both the Dollar and Euro.
Indicative Rates:
GBP>USD 1.3220
GBP>EUR 1.1350
EUR>USD 1.1630
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