British Pound (GBP)

The Pound gained versus the Dollar as it was unable to break the  previous day's lows leading to a probable short covering. The  Construction PMI came out slightly worse at 47.7 versus 48.1 expected.  Overall, GBP/USD traded with a low of 1.6112 and with a high of 1.6297.  Today, the Services PMI will be released and expected to rise from 53.2  to 53.9.