Sterling weakened severely against the US dollar yesterday, while treading water against the euro.
Construction PMI rebounded strongly in September, to 52.3 against an expectation of just 48. Anything over 50 represents a growth mindset.
We’ve just had the Halifax House Price Index for September which has shown a surprising drop of 0.1% against an expectation of a 1% rise.
The week of data finishes with labour productivity and the BBA mortgage rate later this morning. Both are likely to become a focus for analysts going forward, representing as they do the ambition for the government’s growth strategy, as well as the side effect in higher borrowing costs.
GBP/EUR past year
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