The construction sector activity in the UK witnessed a modest rebound in July but remained in the contraction territory for the fifth month in the previous six, the latest survey report from Markit Economics showed this Friday. In fact, the final Purchasing Managers’ Index (PMI) posted 45.3 in July, up from the previous month’s dismal reading of 43.1 – marking its steepest decline since April 2009, and below consensus estimates pointing to a reading of 46.0. The data, however, did little to provide any meaningful impetus to the British Pound, with the GBP/USD pair extending its sideways consolidative price action above the 1.2100 handle. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: Positive surprise at Payrolls could push DXY above 99.00 FX Street 4 years The construction sector activity in the UK witnessed a modest rebound in July but remained in the contraction territory for the fifth month in the previous six, the latest survey report from Markit Economics showed this Friday. In fact, the final Purchasing Managers' Index (PMI) posted 45.3 in July, up from the previous month's dismal reading of 43.1 - marking its steepest decline since April 2009, and below consensus estimates pointing to a reading of 46.0. The data, however, did little to provide any meaningful impetus to the British Pound, with the GBP/USD pair extending its sideways consolidative price action… 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.
