UK Purchasing Managers’ Index

Wednesday, 4 May 2011 11:38

Construction PMI data was released with lower than expected results at 53.3 from an anticipated 55.6.  This month's data of 53.3 also came out lower than the previous month's data which was 56.4.

GBP/USD reacted on the disappointing data release and is now trading at 1.6478 from 1.6515 before the release.

EUR/GBP is presently trading at 0.9018

Furthermore news are being expected by the USA, on ADP Non-Farm Employment Change (ADP – Automatic Data Processing) later today.  Annoucements for ADP are anticipated at 200K