World Economy

Pound Slips on Low Growth 

Pound Slips  on Low Growth Pound Slips  on Low Growth 

The pound has fallen after a survey suggested that growth in the UK services industry slowed in September. The closely-watched Markit services purchasing managers’ index (PMI) fell to a three-month low of 58.7 in September from August’s 60.5. However, any measure above 50 indicates expansion and Markit pointed out that the index was still at a level indicative of rapid growth.