- Prior 60.0
- Housing activity 66.6 vs 62.7 prior
BOSH!. The pound didn’t see that one coming. 1.7177 trades as construction roars back
The employment index rose to the highest since the survey began in 1997 though they don’t give out the numbers anymore. Q2 construction growth is likely to be up over 1% q/q
UK construction PMI by cat 02 07 2014
UK construction PMI 02 07 2014
Tomorrow we have the biggie and that’s the services PMI. It’s the biggest component of GDP and we’re likely to see the pound remain well bid from here as the market will be looking for a good number from it also. At the moment expectations are for a slight drop to 58.3 from 58.6 but we can probably forget those forecasts.
