Fxstreet.com (Jakarta) - The Sterling (GBP) continued its march higher with UK data and Stocks propelling cable to new multi-month highs. EUR/GBP has dropped down to support at 88 as the Euro was sluggish overnight. UK PMI services (Apr) rose to 48.7 vs. 45.5 previously.

Overall the GBP/USD traded with a low of 1.4990 and a high of 1.5155 before closing the day at 1.5130 in the New York session, said Easy Forex Team.

For more information, read our latest forex news.