Pound Drops Ahead Of U.K. Construction PMI
04 May 2016 - 2:25PM
RTTF2
At 4:30 am ET Wednesday, U.K. CIPS/Markit construction PMI is
due. Economists forecast the indicator to fall to 54 in April from
54.2 in March.
Ahead of the data, the pound slipped against its major
rivals.
The pound was worth 1.4492 against the greenback, 155.16 against
the yen, 1.3867 against the franc and 0.7921 against the euro as of
4:25 am ET.
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