We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.

January 2016

UK Construction Sector boosted

Published: Tuesday 05 January 2016

This morning the UK released Construction PMI Data. PMI is a survey of purchasing managers asking respondents to rate conditions within their sector, things such as employment, production, new orders to name a few. A figure above 50 indicates industry expansion and under 50 contraction. This morning’s figure was expected to show expansion with a figure of 56.1. The actual figure was even better released at 57.8. GBP was boosted by this news and as a result has appreciated by over half a percent against the EUR. 

Latest FX news by Michael Condron

Back to the Top