GBP/USD Forecast: More worries for BOE, Eyes 1.51 levels

The GBP/USD pair rose to an intraday high of 1.5244 levels in the European session before turning lower on the back of a disappointing UK services PMI report. The seasonally adjusted Markit/CIPS UK Services Business Activity Index fell to to 53.3, from August’s 55.6, indicating the weakest rate of growth since April 2013. The rate of expansion in new business slowed for the fifth time in six months in September. Flurry of weak data ahead of BOE minutes The Bank of England rate decision on Thursday will be immediately followed
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