U.K.'s services sector roars ahead.

U.K. services PMI leapt to its highest level in 16 years in October, rising to 62.5 from 60.3 in September. The data adds to strong manufacturing and construction surveys, helping to send the all-sector PMI to a record of 61.5 vs 60.2 a month earlier. The latest data is consistent with quarterly GDP growth of 1.3% and private-sector job creation of over 100,000 positions. The pound has taken a jump and was +0.5% at $1.6049 at the time of writing, although the FTSE was -0.6%.