The Pound gained versus the Dollar as better economic data was released and Greece's debt uncertainty lowered. Services PMI came out stronger with 58.4 versus 55 expected. Investors are eyeing today's rate decision. Overall, GBP/USD traded with a low of 1.4975 and a high of 1.5131. GBP/USD has started retracing upwards after reaching oversold conditions. A continuance of the Pound's move upwards could lead it to 1.54. Today, BOE will announce the Interest Rate Decision which is expected unchanged with 0.5%. QE announcement is also expected unchanged with 200B.
GBP/USD - Last: 1.5100