UK Markit/CIPS Feb construction PMI data now out 2 March
- 50.2 prev
Little reaction with data not key given the sector’s poor contribution to UK GDP ( services sector the more important reading)
- February data pointed to a continuation of the
subdued growth conditions reported across the UK
construction sector at the beginning of 2018.
business activity increased only marginally during
the latest survey period, while new work decreased
for the second month running.
Full report here
GBPUSD 1.3785 from 1.3781 EURGBP 0.8906 from 0.8908 GBPJPY 145.66 all tightly bound for the moment.
Main focus on May’s Brexit speech around 13.30 GMT