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UK construction PMI jumps to 48.4 in January, GBP/USD re-takes 1.3000

  • UK construction PMI rises to 48.4, beats estimates.
  • GBP/USD attempts recovery above 1.3000
  • Hard Brexit fears will continue to weigh on the pound.

The construction sector activity in the UK improved dramatically last month, the latest survey report from Markit Economics showed this Tuesday.

United Kingdom Markit Construction PMI registered at 48.4 above expectations (46.6) in January

United Kingdom Markit Construction PMI registered at 48.4 above expectations (46.6) in January
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GBP/USD rebounds from multi-week lows, back around 1.30 mark post-UK PMI

The GBP/USD pair reversed an early dip to six-week lows and turned neutral, around the key 1.3000 psychological mark post-UK macro data. The British p
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