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Realistbear

P M I : Lower Than Expected

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http://uk.finance.yahoo.com/news/uk-construction-growth-loses-steam-tele-9b413f08fa87.html?x=0

.UK construction growth loses steam
http://uk.finance.yahoo.com/news/uk-construction-growth-loses-steam-tele-9b413f08fa87.html?x=0' rel="external nofollow"> http://uk.finance.yahoo.com/news/uk-construction-growth-loses-steam-tele-9b413f08fa87.html?x=0' rel="external nofollow">
13:10, Tuesday 2 November 2010
UK construction, which helped boost the economy in the third quarter, lost steam in October with growth the weakest in eight months.
The Markit/Chartered Institute of Purchasing and Supply construction
PMI fell to 51.6 in October from 53.8 in September,
against expectations for a more modest easing to 53. A figure above 50 indicates growth.
Sarah Ledger, economist at survey compiler Markit, said: "Whilst the UK construction sector managed record growth in October, it seems more that the
current expansion has peaked
."

Reality returns it seem. The post-summer glow of "the bad times are all behind us" turns into time to pay the piper.

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Sunk the Pound today this news.

Down vs. the Euro but still up on the $ due to QE2 and the bet that we do not need QE2 here as the recovereh is locked in. But it seems not.

1 GBP $1.60358 Euro 1.14185

FTSE 100 5765.31 +1.24%

Edited by Realistbear

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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