A firm UK Construction PMI offers support to the Sterling

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets Sterling bulls gained some stability as Tuesday’s solid construction PMI announcement negated some of the fears regarding the potential slowdown in economic momentum within the UK economy. Despite economic data in October from the UK losing its robust touch, November has started strong and this secure construction PMI of 58.8 may add to the mounting expectations that growth in Q4 for the UK may exceed forecasts. This week’s focus for the Sterling will be the Bank of England

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