UK January construction PMI 50.6 vs 52.5 expected

Latest data released by Markit - 4 February 2019

UK construction PMI

The print here hits a ten-month low as Brexit uncertainty/worries continue to weigh on construction activity and leaves it near stagnation as we begin the new year. That will certainly add more pressure to the economy in the bigger picture following what we've seen from the manufacturing survey last week.

Cable sits near the lows still at 1.3053 currently after moving lower in the minutes before to 1.3050 on a combination of a stronger dollar and weaker pound.

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