GBP Construction PMI: 55.8 v 52.8 expected and 53.1 previous

GBP sensitive lead up

Reaction

  • Shows the fastest house building and job creation since December 2015.
  • For a decent beat, the reaction on cable is really muted.
  • With price dropping into the hourly level I highlighted previously, I thought we might get more of a bounce.

Still upcoming:

11:00 GMT:

  • GBP BOE Inflation Report
  • GBP MPC Official Bank Rate Votes: 7-0-2 expected and 3-0-6 previous
  • GBP Monetary Policy Summary
  • GBP Official Bank Rate: 0.75% expected and 0.50% previous - (0.25% hike)
  • GBP Asset Purchase Facility: 435B expected and 435B previous
  • GBP MPC Asset Purchase Facility Votes: 0-0-9 expected and 0-0-9 previous

11:30 GMT

  • GBP BOE Governor Carney Speaks

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