Markets

Positive PMI figures lifts confidence and sterling

The pound rose to nearly 0.3 per cent against the US dollar to 1.248 following the release of closely-watched Markit/CIPS services purchasing managers' index (PMI) data, after trading flat for most of the morning. Versus the euro, sterling surged 0.5 per cent to 1.170
Kalyeena Makortoff
STERLING pushed higher yesterday, boosted by better-than-expected UK service sector data. The pound rose to nearly 0.3 per cent against the US dollar to 1.248 following the release of closely-watched[...]

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