FXstreet.com (Jakarta) - The British pound moved higher vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.4845 level and was supported around the $1.4645 level.
The March PMI services index improved to 45.5 from 43.2 in February. GCI Financial Team said: Data released on Wednesday saw manufacturing PMI strengthen and there is increasing speculation the U.K. economy may have bottomed out.
Cable bids are cited around the US$ 1.4515 level. The euro came off vis-Ã -vis the British pound as the single currency tested bids around the â‚¤0.9040 level and was capped around the â‚¤0.9160 level.