British Pound (GBP)

The Pound gained versus the Dollar and was trading in accordance with  the Euro awaiting the European Rate Decision. The Services PMI came out  better at 54.1 vs. 53.9 expected. Trichet's comments caused the Pound  to weaken as well but still kept most of its gains versus the Dollar.  Overall, GBP/USD traded with a low of 1.6235 and with a high of 1.6412.  No economic data expected today.