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UK Markit construction PMI a better result - Scotiabank

Analysts at Scotiabank explained that the UK data was a better result.

Key Quotes:

"UK Markit construction PMI data provided better news than yesterday’s softer manufacturing data, with a solid rebound from Mar’s 47 reading to a 52.5 print last month, well ahead of expectations and the highest reading since Nov last year."

"Recent swings perhaps reflect weather-related issues but the solid bounce helped steady the soft-looking GBP in European trade and lift the market from the low 1.36 area."

EUR/USD sub 1.2000 handle ahead of FOMC

The EUR/USD is trading at around 1.1970 down 0.19% ahead of the widely awaited FOMC statement.  The EUR/USD is under heavy pressure as market partici
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Gold threatening to break $1,300/oz ahead of FOMC

Gold is trading at around $1,315 a troy ounce up 0.12% on Wednesday ahead of the imminent FOMC statement. Gold have been trending down of late as mar
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