The report about the unexpected growth of the services industries also boosted the Great Britain pound, reducing the possibility that the central bank would be required to restart bond purchases in order to support Britain’s economy.
The Markit/CIPS Business Activity Index rose to 52.8 in September from 51.3 in August. The economists expected the slight drop to 51.1. The benchmark FTSE 100 Index of stocks advanced 0.6 percent. The good data reduced the possibility of further quantitative easing by the central bank.
GBP/USD went up 1.5829 to 1.5872 as of 11:45 GMT today after it declined to 1.5751. GBP/JPY rose from 131.93 to 132.28, following the jump to 133.00.
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