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UK: PMI Construction rises more than expected in April

FXstreet.com (Barcelona) - UK PMI Construction increased to 49.4 points in April, from 47.2 points in March, according to data released today by Markit. The result is above market consensus of 48 points.

Forex Flash: ECB… to cut or not to cut?

The single currency faces its major event risk today with the ECB meeting. Although the majority of analysts expect a 25 bp rate cut, further discussions are trying to assess the benefits, if any, to...
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Forex: GBP/JPY virtually unchanged at 151.30/33 following PMI in UK

The GBP/USD has traded unevenly, albeit devoid of any broad strokes Thursday during European trading. With the movement earlier into negative territory, an already lackluster day for the pair has remained low after the release of upbeat UK data. At the time of writing the cross is trading at 151.30/33.
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