Sterling climbs for fourth consecutive session versus dollar

Sterling rose against the dollar in American trade away from March 21 lows for the fourth straight session, following earlier data from Britain and the US, the world's largest economy. 

As of 03:59 GMT, GBP/USD rose 0.16% to 1.4079 from the opening of 1.4057, with a session-low at 1.4015, and a March 27 high at 1.4097. 

Earlier UK data showed construction PMI fell to 47.0 from 50.2 in February, missing expectations of 51.0. 

Otherwise, earlier US data showed private sector employment rose by 241 thousand jobs in March, adding to the 246K in February, and beating expectations of 208K.

US ISM Services PMI slowed down to 58.8 in March from 59.5, missing expectations of 59.0.

Services PMIs draw their importance from the fact that services constitute two thirds of American GDP, with the index providing an overall picture about many sectors in the economy, such as utilities, retail sales, housing, healthcare, and funding. 

Factory orders rose 1.2% in February, compared to a 1.3% drop in January, and missing expectations of a 1.7% rise, while Federal Reserve Bank of Cleveland President Loretta spoke earlier today about diversity in economics at Central State University, in Ohio.