GBP/USD exchange: Rate rises despite services PMI slump

The pound is trading near to a two-week high against the US dollar today, which puts the GBP/USD exchange rate at around $ 1.298. This appreciation comes at the start of a week of potential turbulence for the currency pairing, with the latest UK news revealing a slowdown in services sector activity. Daily Express :: Finance Feed

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Pound-euro exchange rate: Traders ignore lacklustre UK services PMI and focus on Italy

Today, the pound is trading up around 0.3 percent against the euro at a rate of €1.143 as investors digest the news that momentum in the UK services sector slowed in October. Figures released this morning by statistics company Markit revealed that growth in the UK services sector fell to a seven-month low in October, with the main reason cited being uncertainty surrounding Brexit. Daily Express :: Finance Feed

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