Markit’s construction PMI for the UK dropped sharply to 46 points, way below 50.5 expected and 51.2 seen in May. Purchasing managers’ indices are forward looking indicators. They imply future growth or in this case, contraction. A score below 50 reflects contraction. The outcome is the worst since June 2009 – 7 years. GBP/USD begins slipping down […]
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