The Pound Sterling Live - The Heart-Beat of the British Pound

British Pound Sterling Live on Thursday: GBP hit as construction PMI data fail to emulate manufacturing figures

The pound euro exchange rate is 0.06 pct up at 1.2337.

The pound Australian dollar exchange rate is 0.55 pct lower at 1.5391.

9:45: Sterling off to a poorly start



The pound sterling (Currency:GBP) is broadly softer this morning, construction sector activity in the UK shrank more-than-expected in December, slowing to a six-month low, industry data showed on Thursday.

In a report, market research firm Markit and the Chartered Institute of Purchasing & Supply said that their UK construction purchasing managers' index fell to a seasonally adjusted 48.7 in December from a reading of 49.3 in November.

Economists had expected the index to ease up to 49.5 last month.

Yesterday sterling found support from manufacturing PMI data that reached 51.4 last month from 49.2 in November.

The pound euro exchange rate is 0.07 pct higher on last night's closing rate, GBP/EUR is at 1.2338.

The pound dollar exchange rate is 0.19 pct lower at 1.6224.

The pound Australian dollar rate is 0.24 pct in the red at 1.5441.

Exchange Rate Forecasts 2013: Select Your Currency

USD - GBP - EUR - AUD - NZD - JPY - CHF - CAD - SEK - NOK

Copyright 2012: The Economy News Ltd - a company registered in England and Wales, Number: 7097773. Contact Us

Our Privacy Policy is Here

 
Terms: The news items and information on this publication are provided in good faith that they are correct. However, no representation or guarantees regarding the accuracy of this information is provided. Use at your own risk.

At no point does the information on Economy-News.co.uk constitute investment advice, perceived or otherwise. You should always seek the opinion of a qualified adviser, broker or analyst before risking your investments on the financial markets.


 

Google Analytics Alternative