News Column

Pound Mixed Ahead Of UK Construction PMI

July 2, 2014

BRUSSELS (Alliance News) - At 4:30 am ET Wednesday, Markit Economics is due to release U.K 's CIPS/Markit construction PMI data. The index is expected to come in at 59.8 in June, slightly less than 60 in May.

The pound was trading mixed against the other major currencies ahead of the data. While the pound rose against the franc and the euro, it held steady against the greenback. Against the yen, the pound eased.

The pound was worth 1.7148 against the greenback, 1.5238 against the franc, 0.7967 against the euro and 174.07 against the yen as of 4:25 am ET.

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Source: Alliance News

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