As the GBPUSD hits 2.5 year lows, UK construction figures also hit devastating lows.
Monday, UK construction figures revealed the construction output fell last month at it’s fastest pace in over three years dropping to 46.8.
Optimism for UK Construction
Uk firms expect a rise in UK construction over the next 12 months.
According to Reuters, “On balance, firms expected a rise in overall construction output over the next 12 months, citing new house-building projects as a potential driver of growth, with the degree of optimism the highest since April.”
Where is the GBPUSD going to?
To say the GBPUSD is crashing is an understatement. The Dollar has been incredibly strong recently. Do you think it is because of all the Fed talk about QE3? Is just talking about quantitative easing that influential on the Forex market? Share your thoughts below and don’t miss the Latest Market Analysis from Nathan later today. Subscribe below to receive email updates of the free analysis videos so you can get your edge in the Forex market.
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