UK construction output Oct mm +0.2% vs +1.0% exp

Latest UK data out a few moments ago

• 0.0% prev revised up from -0.2%

BOE/GFK inflation forecast next 12 months 2% as prev

Number of UK population expecting rate rise next year falls to a 2-year low of 35% down from 50% in August

Says ONS

• In October 2015, output in the construction industry increased by 0.2% compared with September 2015. All new work increased by 1.2% while all repair and maintenance decreased by 1.5%.
• Within all new work, there were increases in private commercial (4.1%) and private new housing (2.3%) while public new housing, private industrial, public other new work and infrastructure reported decreases of 2.8%, 1.6%,1.2% and 1.1% respectively. Within the repair and maintenance (R&M) category, there were falls in all work types, housing repair and maintenance decreasing by 2.4% and non-housing repair and maintenance decreasing by 0.6%.
• Compared with October 2014, output in the construction industry increased by 1.0%. All new work increased by 4.2% while there was a fall of 4.2% in repair and maintenance.
• The second estimate of gross domestic product (GDP) for Quarter 3 (July to Sept) 2015 published on 27 November 2015 included an estimate of construction which showed a decrease in output of 2.2% in Quarter 3 (July to Sept) 2015. This estimate has been revised upwards by 0.3 percentage points to a fall of 1.9% in this release, this has no impact on GDP to 1 decimal place

Full report here

Meanwhile GBPUSD is slipping back to session support into 1.5130. Pound paring a few gains overall