GBP down on weak Services PMI
GBP/USD fell below the $1.6100 mark on weaker-than expected UK Services Sector PMI.
The index came out at a 3-month low of 58.7 in September from August's 9-month high of 60.5. Consensus forecast was 59.1.
Combined with Wednesday's weak manufacturing PMI, today’s release confirms a slowdown in the UK economic recovery in the second half of the year.