British Pound futures gained, ending six-day slide on positive U.K. PMI data.

December British Pound futures saw a small bounce, ending a six-session slide, while still holding near a 23-week low of 1.3011. The six-day decline shaved 2.43% off the pound. The small to medium sized business services PMI data in the U.K. came out strong, moving further into expansion territory. S&P Global's U.K. services PMI printed 52.3 versus 51.1 expected, and the composite rose to 52.2, above the 51.1 forecast. This positive economic momentum tends to be pound positive as it supports stronger activity and firmer rate expectations. The Bank of England rate decision is due tomorrow; the market expectation is for no move on rates, though a cut looks possible in December if inflation and economic data continue to soften.