UK Markit/CIPS Sept construction PMI data now out 3 Oct

  • 51.1 prev

Not key data given the sector's minimal impact on GDP but the algos aren't bothered and in any case it is a soggy reading.

BOE FPC Minutes out too and expressing Brexit concerns.

GBPUSD down to test demand building around 1.3250 again as EURGBP vbursts up through 0.8855 triggering stops to post 0.8864 in a rush.

Good ol' algos.

Say Markit;

  • Business activity falls for first time in 13 months
  • Sharpest drop in civil engineering work since April 2013
  • New orders and input buying drop in September

Full release here

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