Pound Crushed By Weak Construction PMI, Euro Remains Bid

 02.07.2008 06:20   actionforex.com

Pound lost more than 100 points in early London trade today after the construction PMI data showed a marked decline printing at 38.9 versus 43.1 forecast. The reading was the lowest value in years suggesting that the UK housing sector is now mired in a deep recession that will likely...

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