UK construction »

  • H.S. Borji

    The British pound tumbled for a second consecutive day against the US dollar Monday, as cable was under renewed selling pressure following disappointing UK construction data. The GBPUSD fell to an intraday low of 1.5167 in European trading, the pair’s lowest reading since August 2013. It would subsequently consolidate at 1.5234, declining 0.25 percent. The

  • Forex » Cable Held back by Construction PMI
    June 3, 2014, 15:09 GMT

    The British pound advanced against its US counterpart Tuesday, but trimmed its gains in the European session after construction PMI advanced at a slower rate than forecast. The GBPUSD was trading at 1.6754, relatively unchanged from the previous close. The pair eased off an intraday high of 1.6780 following the release of UK construction PMI.

  • The US dollar edged higher Monday, as negative European data overshadowed disappointing US releases. The US dollar index, a weighted average of the greenback’s performance versus six major currencies, advanced 0.24 percent to 80.56. The index has advanced more than 0.4 percent since investors returned from the Memorial Day long weekend. The dollar was supported

  • Construction activity in the United Kingdom rose sharply in February, with job creation hitting a three-month high. Markit Group’s gauge of UK construction activity eased slightly from the previous month’s six-and-a-half year high, settling at 62.6. The UK construction sector has been in expansion mode for ten consecutive months. Civil engineering overtook housing as the

  • Construction activity in the United Kingdom surged to a six-and-a-half year high, led by the sharpest expansion in housing activity in more than ten years. Markit Group’s gauge of UK construction output rose from 62.1 to 64.6 in January, far exceeding economists’ forecasts. UK construction PMI has been above the neutral 50 value that separates

  • The UK construction industry expanded sharply last month, growing at a pace not far off November’s six-year high. Markit Group’s gauge of UK construction activity fell from 62.6 to 62.1 in December. The gauge has been above the 50.0 mark that separates expansion from contraction for eight consecutive months. Business activity expanded sharply across all

  • The Euro attempted to break out but was unable to gain traction at higher levels despite stronger than expected services PMI data. The monthly surveys on manufacturing, construction and services have all been stronger than expected. The EU Commission has fined a group of leading multinational banks 1.71 billion Euros for rigging Libor rates in

  • Construction output in the United Kingdom accelerated at the fastest pace since August 2007, according to Markit Group. The PMI reading of 62.6 is up 3.2 percentage points from the previous month. The median forecast of 17 economists surveyed by Bloomberg was 59.0. The monthly data showed the residential housing market continues to drive UK

  • Construction output in the United Kingdom accelerated at the fastest pace since September 2007, according to Markit Group. The October PMI reading of 59.4 exceeded forecasts, which called for a decline to 58.7. PMI above 50.0 indicates growth, whereas a reading below the 50.0 mark signals contraction in the construction sector. UK construction PMI has