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UK Construction output rises at slowest pace for 5 months

The Markit/CIPS UK Construction PMI survey was released at 9:30 GMT with weaker reading than expected of 61.4 vs 63.4. The figure is well above the expansionary reading of 50.0, though pace of growth was the slowest in 5 months.

Cable weakened on the released, to trade back below 1.6000, with the USD stronger across the board.

Press release

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