A small disappointment in the UK construction sector: growth is somewhat slower than expected with 61.4 points, lower than 63.5 points expected. Nevertheless, this represents strong growth. This is the lowest since May this year. GBP/USD is now under 1.60, after battling this line. The UK construction PMI was expected to slide to 63.5 points after a super strong 64.2 points in September. All in all, slower construction growth and faster manufacturing growth could be a good thing: a more balanced economy that is firing on more engines. GBP/USD traded very close to 1.60 just before the publication. Yesterday, manufacturing PMI beat expectations. This is the weakest link in the UK economy. Tomorrow, we get the services purchasing managers’ indicator. The services sector is the UK’s largest. For more, see the British Pound forecast. The Bank of England meets on Thursday and is not expected to change monetary policy at this points. A rate hike is likely in the spring. 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 EUR/USD Nov. 4 – Hugging 1.25 ahead US midterm elections Yohay Elam 7 years A small disappointment in the UK construction sector: growth is somewhat slower than expected with 61.4 points, lower than 63.5 points expected. Nevertheless, this represents strong growth. This is the lowest since May this year. GBP/USD is now under 1.60, after battling this line. The UK construction PMI was expected to slide to 63.5 points after a super strong 64.2 points in September. All in all, slower construction growth and faster manufacturing growth could be a good thing: a more balanced economy that is firing on more engines. GBP/USD traded very close to 1.60 just before the publication. Yesterday, manufacturing… Top 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.
