Try Mute UK Service Sector Weakness Sterling

Learn Forex News : Sterling try to reduce attenuation in the London session after data on the services sector offers hope for improved economic conditions the UK. UK service sector index rose to 52.4 for the month of March; higher than the previous estimate of 51.5 and 51.8 publications. GBP / USD is now trading 1.5073, try to stay away from daily lows 1.5032

The UK economy has fallen into recession in the fourth quarter of 2012. The poor manufacturing data, construction of which was released yesterday confirmed fears that Britain will still experience a recession in the first quarter of 2013. However, the services sector data is quite positive it can be intimated economic conditions may not be as bad as forecast. Investors are now waiting for the results of the BoE monetary policy meeting at 18:00 pm to see whether the central bank would provide additional stimulus to support economic recovery.