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The British Pound strengthened against the Greenback, following the UK construction PMI data release on Tuesday at 08:30 GMT. The GBP/USD currency pair gained 11 pips, or 0.09%, to continue fluctuating in the 1.3168 area.
The Markit released the monthly UK Purchasing Managers' Index data that came out better-than-expected of 53.1, and better from the previous period.
A Senior Economist Tim Moore from IHS Markit stands: "A solid contribution from house building helped to drive up overall construction activity in June, while a lack of new work to replace completed civil engineering projects continued to hold back growth. "
| Historical Data Table: UK Construction PMI | Economic Calendar for 03.07.2018 | ||||||||
| Date | 02.03.2018 | 04.04.2018 | 02.05.2018 | 04.06.2018 | 03.07.2018 | 1:30 PM | Canadian Manufacturing PMI | ||
| Actual | 51.4 | 47 | 52.5 | 52.5 | 53.1 | 2:00 PM | US Factory Orders m/m | ||
| Forecast | 50.5 | 50.9 | 50.5 | 52 | 52.6 | Tentative | NZ GDT Price Index | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.31819 | 1.3188 | 0.05% | GBP/USD | 62.14% | 37.86% | |||
| EUR/GBP | 0.88471 | 0.8844 | -0.04% | EUR/GBP | 25.95% | 74.05% | |||
| GBP/CAD | 1.73532 | 1.73612 | 0.05% | GBP/CAD | 28.63% | 71.37% | |||
| GBP/JPY | 146.236 | 146.342 | 0.07% | GBP/JPY | 51.72% | 48.28% | |||