Forex update: US data &
The FX markets have been a little bit livelier today even if the economic calendar has been fairly quiet with the exception of services PMI data from both the UK and US. The pound went from being among the weakest yesterday to strongest this morning after the UK services sector PMI came in one whole point above expectations at 54.0, up from 52.8 previously. But the British pound/U.S. dollar (GBP/USD) currency pair’s gains have since been capped once again by a rallying U.S.