UK Services PMI surprised on 55.0 release in March vs 53.5 forecast and 53.3 in Feb.

Pound jumped across the board on data, with GBPUSD up 0.43% from pre-data session low at 1.2428 to the session high at 1.2485 so far.

Sterling was up 0.36% against yen and hit session high at 138.25 and gained 0.42% against Euro on extension to 0.8547, EURGBP session low.

Upbeat data boosted pound and sidelined growing downside risk on GBPUSD pair which hit strong support at 1.2413 (100SMA) on two-day fall from 1.2553 high.

Strong resistances at 1.2495 zone (daily Tenkan-sen / cloud top) are under pressure and break above would turn near-term focus higher.