United Kingdom Apr PMI Construction increase to 49.4 vs 47.2 (Mar)
May 2, 2013
Forex: EUR/GBP down at 0.8456 on European opening
After an early drop to 0.8465 in the Asian shift that was retraced back to the opening area of 0.8470/75, the EUR/GBP tumbled ahead of Markit manufacturing PMI data in the Euro area and extended losses to 0.8456 low. The market remains pressured and able to suffer further losses.
Forex: GBP/USD moves higher to 1.5573/75 after UK PMI
The GBP/USD has remained in a fairly even consolidation during European trading Thursday, despite a clear recovery this week. With the recent release of economic data in the United Kingdom, the pair is now trading near positively at 1.5574/75.