GBP/USD rises above 1.33 as US PMI data fails to lift USD

  • The Pound Sterling (GBP) advanced some 0.32% against the US Dollar (USD) on Monday, back above the 1.33 handle, as market participants digested data from the United States (US) portraying that business activity in the services sector is gathering some steam, yet fails to underpin the Greenback. At the time of writing, GBP/USD trades at 1.3300.