The British construction sector didn’t disappoint for a second month in a row. Construction PMI came out exactly as expected: 53.6 points, a slide from last month’s 54 points. GBP/USD is stable above the line it broke earlier. GBP/USD now trades at 1.6120, slightly down from before the release, but above the 1.6110 line. The construction sector was relatively stable last month. Growth didn’t slow down in this sector and didn’t disappoint like in services and manufacturing. The score even rose from 53.3 to 54 points. This sector dipped to contraction back in January, but this was a one time event. On Friday, the manufacturing sector disappointed, and not for the first time. PMI for this sector fell more than expected and weighed heavily on the pound. Mervyn King and his colleagues are not expected to raise the interest rates on Thursday. Such a move isn’t likely until the next summer. GBP/USD began the new week on a high note, breaking above the 1.6110 line it struggled to conquer last week. Levels above are 1.62 and the region of 1.6280 to 1.63. Below, 1.60 and 1.5910 provide support. For more on GBP/USD, see the British Pound forecast. 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 NZD/USD Outlook – July 4-8 Anat Dror 12 years The British construction sector didn't disappoint for a second month in a row. Construction PMI came out exactly as expected: 53.6 points, a slide from last month's 54 points. GBP/USD is stable above the line it broke earlier. GBP/USD now trades at 1.6120, slightly down from before the release, but above the 1.6110 line. The construction sector was relatively stable last month. Growth didn't slow down in this sector and didn't disappoint like in services and manufacturing. The score even rose from 53.3 to 54 points. This sector dipped to contraction back in January, but this was a one time… 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.
