UK Markit/CIPS Feb construction PMI 51.4 vs 50.5 exp

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)
Says Markit:

  • February data pointed to a continuation of the
    subdued growth conditions reported across the UK
    construction sector at the beginning of 2018.
  • Total
    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 Article Source

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