Construction PMI for April could well surprise to the downside
0830 GMT sees the release of the Construction PMI for the UK. Will this continue a run of bad data for the UK. Yesterday, the GBP sold off heavily after a weaker manufacturing number. The construction PMI data is for April and I would expect another drop in this number. The weather has been awful here in the UK around Q1 and I remember seeing some local builders trying to work in the Siberian temperatures we had. I can tell you, not many could reasonably work. We are just not prepared for those temperatures. A fall would not surprise me
