Forex News – Sterling weakens after soft UK construction data
Sterling moved lower against the dollar after disappointing data on Markit/CIPS Construction Purchasing Managers’ Index (PMI), causing cable to drop to $1.4998 from $1.5051 beforehand. Output in the construction sector fell at the fastest pace in more than three years in February despite a rare pick-up in house building. PMI declined further below the 50-point […]