European Session – Pound hits 3-month high versus euro after UK Services PMI
Posted on September 4, 2013 at 12:08 pm GMTSterling hit a three-month high versus the euro, up for a for a sixth day in a row after being boosted by U.K. services PMI reached the highest level since December 2006. EURGBP tumbled after the data, down to a session low of 84.25 pence and currently down 70 pips on the week, to the lowest since May 17. GBPUSD also rose on the PMI data to reach a session high of $1.5630, currently up 55 pips going into the [..]