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    UK construction PMI surprises to the downside

    The UK Construction PMI for June slid deeply below 50 pts signaling contraction in the sector. As the matter of fact, consensus called for decline but only to 50.7 pts. In May the index showed 51.2 pts.

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     Source: Markit/CIPS

    After the reading GBPUSD erased its previous gains but the move lower has been already pared. The pair is traded almost flat today.

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