The Markit released UK Construction PMI data that came out better than expected of 53.2, compare to forecasted 52.0.
Trevor Balchin, Economics Director at IHS Markit, noted: "Although total UK construction activity rose at a stronger pace in October, the underlying survey data paint a less rosy picture for the sector towards the end of the year. New contracts increased at only a modest pace, and firms were the least optimistic regarding the 12-month outlook for nearly six years. Construction companies again linked uncertainty to Brexit negotiations, which influenced delays to final decisions at clients."
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| Historical Data Table: Construction PMI | Economic Calendar for 05.11.2018 | ||||||||
| Date | 02.05.2018 | 04.06.2018 | 03.07.2018 | 04.09.2018 | 02.10.2018 | 9:30 AM | UK Services PMI | ||
| Actual | 52.5 | 52.5 | 53.1 | 52.9 | 53.2 | 15:00 PM | US ISM Non-Manufacturing PMI | ||
| Forecast | 50.5 | 52 | 52.6 | 54.9 | 52 | - | - | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.30249 | 1.30355 | 0.08% | GBP/USD | 57.46% | 42.54% | |||
| EUR/GBP | 0.8776 | 0.87712 | -0.05% | EUR/GBP | 31.26% | 68.74% | |||
| GBP/CAD | 1.70019 | 1.70141 | 0.07% | GBP/CAD | 71.39% | 28.61% | |||
| GBP/JPY | 146.871 | 147.022 | 0.10% | GBP/JPY | 50.58% | 49.42% | |||