Pound Climbs Versus Dollar After U.K. Services Data; Gilts Fall

The pound advanced against the dollar after a report showed the U.K. services sector unexpectedly expanded last month.

Sterling climbed 0.3 percent to $1.5804 at 9:33 a.m. London time and was little changed at 85.69 pence per euro.

Gilts fell, pushing the yield on the 10-year security up six basis points, or 0.06 percentage point, to 2.14 percent.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.