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The British pound depreciated against the US Dollar, following the UK Construction PMI data release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate lost 5 pips or 0.04% during a minute, right after the release. In the next minutes the rate was trading at the 1.2963 area.
The Markit released the UK Construction PMI data that came out lower-than-expected of 52.1, compare to forecasted 52.8.
Tim Moore, associate director at IHS Markit, said. "Construction companies continued to note that political uncertainty acted as a key drag on decision-making, with Brexit worries encouraging a wait-and-see approach to spending among clients," .
| Historical Data Table: Construction PMI | Economic Calendar for 02.10.2018 | ||||||||
| Date | 03.10.2017 | 11.02.2017 | 04.12.2017 | 03.01.2018 | 02.10.2018 | 14:00 PM | US FOMC Member Quarles Speaks | ||
| Actual | 48.1 | 50.8 | 53.1 | 52.2 | 52.1 | Tentative | NZD GDT Price Index | ||
| Forecast | 51.1 | 48.3 | 51.2 | 51.1 | 52.8 | 16:45 PM | US Fed Chair Powell Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.29885 | 1.29852 | -0.03% | GBP/USD | 54.66% | 45.34% | |||
| EUR/GBP | 0.88761 | 0.88772 | 0.01% | EUR/GBP | 46.57% | 53.43% | |||
| GBP/CAD | 1.6668 | 1.66664 | -0.01% | GBP/CAD | 73.50% | 26.50% | |||
| GBP/JPY | 147.715 | 147.673 | -0.03% | GBP/JPY | 41.51% | 58.49% | |||