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Forex News: Pound Drops Ahead Of U.K. Services PMI

Pound Drops Ahead Of U.K. Services PMI

04/05/2018 - 04:26:00 (RTTNews)

(RTTNews) - UK Markit/CIPS services PMI is due at 4:30 am ET Thursday. The index is expected to drop to 54.0 in March from 54.5 in February.

Ahead of the data, the pound fell against its major rivals.

The pound was worth 1.4048 against the greenback, 150.40 against the yen, 1.3511 against the franc and 0.8728 against the euro as of 4:25 am ET.

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