A better than expected figure for Britain: the construction PMI rose to 55.9 points in May. It was expected to tick up from 54.2 to 55 points. The housing sub-component stands at 59.4 points.

GBP/USD is rising from the lows and has reached 1.5220. Update: the pair is moving higher to 1.5230.

Read the rest of the article UK Construction PMI rises to 55.9 – GBP/USD climbs