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GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers
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GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers

The Pound slid dramatically against both the US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) in Wednesday’s European session. The Sterling exchange rate slipped following the release of weaker-than-forecast UK construction numbers which showed the sector hadn’t been as productive as analysts had hoped. The Markit UK Construction Purchasing Managers’ Index (PMI) came in at 52.2...