During Asian trading, the British pound increased against the US Dollar trading above 1.2700 levels.
The GBP/USD currency pair showed gains on Wednesday morning, rising to a three month peak, while Bank of England Governor stated that UK inflation appeared to be under control. In the UK, S&P Global Services PMI for February (51.1 exp) will be released (09:30 GMT). In the US, ADP Nonfarm Employment Change for February (144,000 exp), S&P Global Services PMI for February (49.7 exp) and ISM Non-Manufacturing PMI for February data (53.0 exp) will be posted at 13:15 GMT and 15:00 GMT respectively.