Construction Output — News Archive


GBP/USD Hits New 3-Week Lows on Mixed UK Data

The GBP/USD currency pair today dropped to new 3-week lows following the release of weak UK industrial production and trade balance data. The pair’s decline was further accelerated by a rebound in the US dollar demand supported by the sell-off across most European equities.

British Pound Swings Widely on UK Data and Chinese Rumors

The British pound today recorded wide swings against the US dollar as it dropped to 8-week lows and rallied higher on US dollar weakness. The rally was mainly triggered by rumors originating from China, but was short-lived as the pound headed lower much later.

British Pound Hits New Lows on Brexit Deal and Positive NFP Data

The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session.

EUR/USD Consolidates Gains After Release of ZEW Survey Data

The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations.

British Pound Rallies Slightly Against US Dollar on Mixed UK Data

The British pound today rallied slightly higher against the US dollar after the release of mixed macro data from the UK docket. The release of positive industrial production data by the Office for National Statistics boosted the British pound even as the construction output and trade balance figures missed expectations.

British Pound Weakens Against US Dollar After Disappointing Week

The British pound today weakened against the US dollar during the early North American session as the greenback opened strongly against most of its peers. The British pound was on a downward trend during the late Asian session and early European session, before retracing some of its loses during the mid-European session.

Pound Slides as Trend of Disappointing UK Economic Releases Continues

The Great Britain pound dropped today as macroeconomic indicators released in the United Kingdom continued to disappoint.

US Dollar Gains Against Euro After Upbeat Comments from Fed’s Dudley

The EUR/USD today hit new lows after upbeat comments from the New York Fed’s William Dudley during the North American session reignited buying interest in the US dollar. The currency pair was consolidating in a tight trading range for most of today’s session, but Dudley’s comments caused the US dollar to gain against the euro.

Great Britain Pound Weak Ahead of BoE Meeting

The Great Britain pound traded lower ahead of Bank of England policy meeting that will occur later today. The reason for the currency’s drop was the streak of rather weak macroeconomic indicators.

Euro Climbs Higher Against Peers on Positive Consumer Confidence Data

The euro rallied higher against its main peers after the release of better-than-expected consumer confidence data by the European Commission. The currency also rallied hogher after the release of the Eurozone construction industry data for February, which beat expectations.