UK: PMI Services down to 57.6 in March

UK PMI Services dropped to 57.6 points in March, from 58.2 points in February, according to data released today by Markit. Analysts expected a decrease to 58.1.
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GBP/USD down around 1.66 – 3d time’s a charm…

Bad PMI number pushed the pair down to 1-week low. Having made a daily high at 1.6663 and low at 1.6605, GBP/USD spot is down -0.09% on the day and presently trading at 1.6613.
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