Markit/CIPS UK Construction PMI

Markit/CIPS UK Construction PMI

From markiteconomics.com

At 50.9 in July, up from 48.2, the seasonally adjusted Markit/CIPS Construction Purchasing Managers’ Index® (PMI®) moved back above the 50.0 no-change level, rebounding slightly from June’s two-and-a-half year low. However, the latest reading was well below the long-run series average (54.2) and pointed to only a marginal expansion of overall UK construction output. Growth was largely confined to the commercial sub-sector in July, as house building and civil engineering activity continued to decline. The latest reduction in civil engineering was the second-fastest since September 2011. July data indicated a ... (full story)

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eqshack

Aug 2, 2012 2:00am

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rather like 1.5640-60 area

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let see can GBP hit 1.5800 mark today....best of luck GBP

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dinksy

Aug 2, 2012 1:54am

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Quoting Guest

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let see can GBP hit 1.5800 mark today....best of luck GBP

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did you say 1.58?looks like you gon place your finger on gbp/usd chart and draw it up to that level

KevinThomas

Aug 2, 2012 1:49am

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let see can GBP hit 1.5800 mark today....best of luck GBP

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lol are you dreaming?

siewhf

Aug 2, 2012 2:12am

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GBP/USD will go below 1.40 by end of year. Longists need to be careful.

Slowpips

Aug 2, 2012 1:57am

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let see can GBP hit 1.5800 mark today....best of luck GBP

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Did you notice one thing? when PMI from uk came much stronge cable did nothing but EU rise.. what was that ? I guess someone don't want Cable long. Now upcoming MPC Rate statement will decide i hope. It may rise up but not buddy as your dreams toward 1.5800 untill all is done by BOE and ECB

Basket

Aug 2, 2012 3:05am

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let see can GBP hit 1.5800 mark today....best of luck GBP

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Huh?? 200+ pips over construction PMI news?

especially with statements like this "the latest reading was well below the long-run series average (54.2) and pointed to only a marginal expansion of overall UK construction output"?

interesting