GBP / USD Slightly Supported UK Construction PMI data September

The pound sterling strengthened against the US Dollar on Friday (02/10) afternoon today, after data showed that construction activity in the UK recorded the fastest expansion in the range since March, in Septmebr ago. In addition, the market is still looking forward to the results of the US NFP report tonight. GBP / USD touched the 1.5174 level during the European session took place, namely at a high level. The pair subsequently consolidated at 1.5165 figure, 0:22 per cent increase.

Markit Research Institute reported the PMI index for the UK construction sector bolted to a six-month high level, specifically in figure 59.9 in September from 57.3 in August figures. Analysts expect that the index will rise to 57.5 last month figures.

The report contrasts with last month's PMI construction, where construction PMI index published by Markit for July, recorded plunged 57.1 percent from 58.1 in June. The current building construction activity also grew in the most sluggish pace since April, according to Markit, underscoring the emergence of challenges that policy makers face complex issues in dealing with a chronic shortage of sufficient housing in the UK.

The US dollar itself appears strengthened against the euro and yen with the market awaiting the results of the US NFP tonight. EUR / USD slipping 0:19 percent to trade at 1.1174 figure. While USD / JPY rose to the level of 120.05 0:11 percent after official data on Japanese household spending rose 2.9 percent reported in August.