UK August construction PMI report now out 4 Sept
– 51.9 prev
– weakest upturn in construction output for 12 months
– marginal increase in overall construction activity
Not key data given the sector’s lack of impact on GDP but soggy all the same and algos duly sending GBPUSD down to 1.2942 from 1.2950 as EURGBP breaks up through 0.9200 again.