The UK housing sector is going it alone: a score of 64.2 points in the Construction PMI shows that this sector continues growing rapidly, in a total disconnect from other sectors. GBP/USD is ticking higher, but it is unable to recapture the 1.62 level and falling back down. Markit’s purchasing managers’ index for the construction sector was expected to tick down from 64 to 63.7 points, still reflecting very rapid growth. This sector continues standing out against the others. GBP/USD traded just above 1.6180 towards the publication. 1.6160 works as support. Yesterday’s manufacturing PMI ws a big disappointment, as the number reflected minor growth. The most important PMI awaits us tomorrow: the services sector is the UK’s biggest. The pound has been relatively stable after the volatility related to the Scottish referendum. It has outperformed the euro, but hasn’t been able to beat the dollar, which remains strong despite the recent correction. The Bank of England convenes next week and they are not expected to change policy. Not yet. 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 US Dollar Index Weekly Analysis John Benjamin 8 years The UK housing sector is going it alone: a score of 64.2 points in the Construction PMI shows that this sector continues growing rapidly, in a total disconnect from other sectors. GBP/USD is ticking higher, but it is unable to recapture the 1.62 level and falling back down. Markit's purchasing managers' index for the construction sector was expected to tick down from 64 to 63.7 points, still reflecting very rapid growth. This sector continues standing out against the others. GBP/USD traded just above 1.6180 towards the publication. 1.6160 works as support. Yesterday's manufacturing PMI ws a big disappointment, as the… 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.
