Investors are awaiting the release of the U.S. Services PMI data today amid concerns over the country's economic growth, which appears to be slowing down following weaker-than-expected economic reports.

Andrew Bailey, Governor of the Bank of England (BoE), believes that the rising inflation is not a major concern. However, he maintains that any interest rate cuts should be approached cautiously and gradually due to uncertainties surrounding the domestic labor market and the intensifying trade war.

Source: Fxstreet