He PMI construction purchasing managers index fell one tenth in December, standing at 54.6 compared to 54.7 in November. The result also disappoints the market’s expectations, which placed it at 55 points.
The indicator is in expansion territory for the seventh consecutive month, although it falls to its lowest level since October.
GBP / USD reaction
The pair GBP/USD It has barely moved with the indicator, falling just over 10 pips towards the 1.3600 zone and trading at the time of writing above 1.3604, dropping a slight 0.03% on the day. Previously, the pound had risen to a daily high at 1.3633 during the Asian session.
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