The British Pound strengthened against the Greenback, following the UK construction PMI data release on Tuesday at 08:30 GMT. The GBP/USD currency pair gained 11 pips, or 0.09%, to continue fluctuating in the 1.3168 area.
The Markit released the monthly UK Purchasing Managers’ Index data that came out better-than-expected of 53.1, and better from the previous period.
A Senior Economist Tim Moore from IHS Markit stands: “A solid contribution from house building helped to drive up overall construction activity in June, while a lack of new work to replace completed civil engineering projects continued to hold back growth. ”
