The Markit released UK Construction PMI data that came out better than expected of 53.4, compare to forecasted 52.5.
Tim Moore, an economist at IHS Markit, said, "Higher levels of new work were recorded for the sixth month running in November, which resulted in a robust and accelerated rise in staffing numbers. The latest upturn in employment was the fastest for almost three years. A number of construction firms noted that greater demand for staff had led to upward pressure on salaries in November."
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| Historical Data Table: Construction PMI | Economic Calendar for 05.12.2018 | ||||||||
| Date | 04.06.2018 | 03.07.2018 | 04.09.2018 | 02.10.2018 | 04.11.2018 | 8:30 AM | EUR ECB President Draghi Speaks | ||
| Actual | 52.5 | 53.1 | 52.9 | 53.2 | 53.4 | 9:30 AM | UK Services PMI | ||
| Forecast | 52 | 52.6 | 54.9 | 52 | 52.5 | 15:00 PM | CAD Overnight Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.28028 | 1.2803 | 0.00% | GBP/USD | 65.39% | 34.61% | |||
| EUR/GBP | 0.88959 | 0.88982 | 0.03% | EUR/GBP | 29.62% | 70.38% | |||
| GBP/CAD | 1.68709 | 1.68646 | -0.04% | GBP/CAD | 55.62% | 44.38% | |||
| GBP/JPY | 144.42 | 144.408 | -0.01% | GBP/JPY | 62.60% | 37.40% | |||