The GBP traded a shade weaker than the US Dollar around 1.3030 in Tuesday's Asian trading. Overall improvement in the risk appetite helped the greenback extend its previous upmove while the Pound traders remained cautious ahead of the UK services PMI release.
A better-than-expected US ISM non-manufacturing data could intensify that debate, forcing investors to price in the possibility of a single rate hike this year. Read more
The non-manufacturing purchasing manager's index from the Institute for Supply Management is expected to decline to 57.2 in January from 58.0 in December. Read more
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