Pound v US dollar: GBP holds steady as UK construction sector shows muted growth

Pound v US dollar: GBP holds steady as UK construction sector shows muted growth
 

It is holding slightly above the seven-week low it struck yesterday.
According to data published by IHS Markit, the UK’s construction PMI climbed from 50.2 to 51.4 in February.
This beats expectations that it would see a more modest rise to 50.7.
The stronger-than-expected upswing helped to allay fears that the sector may have contracted last month after it barely showed any growth at all at the start of the year.
However, despite the uptick, activity in the sector remains relatively subdued, with only commercial construction showing any real growth as housebuilding and civil construction... read more

 
2 March 2018 in Business, Views: 71
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