GBP CIPS report on services

Recently, after a slightly softer run out economic data, this morning we have the CIPS services survey data which came in better than expected pointing to the UK economy certainly not running out of steam. This has also increased the probability that the MPCs interest rate vote later this week will be split. As a result, we saw GBP out perform in a relatively quiet day. Below is a M15 chart of GBPUSD.