Day: June 2, 2017

Pound Drops, Ignoring Positive Construction Data

The Great Britain pound dropped today even though macroeconomic data released in the United Kingdom over the current sessions was good. The IHS Markit/CIPS UK Construction PMI climbed from 53.1 in April to 56.0 in May, which was a far better result than a drop to 52.7 predicted by analysts. The report followed yesterday’s release of the IHS Markit/CIPS UK Manufacturing PMI, which showed a small decrease to 56.7 in May from the April’s […]