Tag Archives: fore

British pound falls after weak UK construction data

The British pound fell sharply versus the dollar after a report indicated that construction activity in the United Kingdom contracted in March for a third consecutive month. Construction PMI edged up to 47.2 in March, missing estimates of a 47.5 increase, though higher than February’s 46.8. However this number is below the 50 level that separates expansion from contraction. GBPUSD...

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April 3, 2013 @ 11:49 am

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