The UK construction PMI for May hit 56 points, better than expected. Other signs haven’t been that positive for the housing sector. There are some indications about a slump in prices in some regions. GBP/USD seems to ignore the numbers. Polls matter a lot more. Markit’s purchasing managers’ index for the construction sector was expected to show a small slide to 52.7 in May after 53.1 back in April. This is the second PMI after yesterday’s manufacturing one that came out at 56.7, within expectations. GBP/USD was trading around 1.2860 ahead of the publication. Resistance awaits at 1.29, followed by 1.2980 and 1.3050. Support is at 1.2775. The most important PMI is on Monday, for the services sector. However, the focus of markets is around the UK elections. Every poll counts. More: GBP: Into & Beyond The June-8 Elections – Credit Agricole Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Non-Farm Payrolls only 138K, wages stuck at 2.5% – USD Yohay Elam 6 years The UK construction PMI for May hit 56 points, better than expected. Other signs haven't been that positive for the housing sector. There are some indications about a slump in prices in some regions. GBP/USD seems to ignore the numbers. Polls matter a lot more. Markit's purchasing managers' index for the construction sector was expected to show a small slide to 52.7 in May after 53.1 back in April. This is the second PMI after yesterday's manufacturing one that came out at 56.7, within expectations. GBP/USD was trading around 1.2860 ahead of the publication. Resistance awaits at 1.29, followed by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
