UK construction output May mm +2.5% vs +1.4% exp

UK May construction output report 10 June 2016

• -3.6% prev
• yy SA -3.7% vs -4.8% exp vs -4.5% prev
• Q1 new construction orders -1.2% yy, biggest drop since Q2 2014
• April 3-mth/3-mth output -2.1% biggest drop since Feb 2014

Not prime data but the new orders data is a worry.

GBPUSD a tad lower at 1.4430