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GBP Surges on UK Services PMI, Is UK Economy Stronger?

posted by Avatar FXTimes 778 days ago in GBP, Fundamental, GDP

In the UK today, we saw a blow out Services PMI report, where the index jumped to 57.1 in March from 52.5 in February, completely catching economist forecasts of guard. The GBP/USD surged on the result, breaking to the 1.6250 area. What does the stronger data mean for the UK economy?
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