Wednesday, December 03, 2008
British Pound Remains Under Pressure Ahead of BOE Rate Cut as UK Construction PMI Falls to Record LowThe
British pound initially eased back on the release of UK construction
activity figures, but subsequently bounced back amidst broad US dollar
weakness.Focusing on the data on hand, construction PMI
plummeted to 31.8 in November from 35.1, signaling the worst
contraction in business activity since... [read more]
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