Mon, 05 Jan 2015 16:04:05 GMT
Pound close to 17-month low amid poor construction PMI
On Monday the UK Pound continued to fall, briefly reaching a 17-month low, due to deteriorating conditions in development in the construction sector. The Sterling lost 0.44% and fell to $1.5255 versus the US Dollar, dipped to the 17-month low of $1.5176, but managed to recover at around $1.5300 afterwards. Construction PMI decayed to 57.6 points and had a major impact