UK PMI Construction
Features of the publication
The next signal
How to trade UK PMI Construction
If the data exceeds the forecasts, GBPUSD grows.
The UK’s Сonstruction PMI index is a leading indicator and it is formed on the basis of interviewing the industry manager respondents. Nevertheless, it has a reduced attention of the market and gives a good signal to trading occasionally, when the market actually experiences a statistical hunger strike or the deviation of the news from its forecast occurs according to the current trend of the pound sterling movement.
It is worth treating this release with extreme caution since the signal on this indicator can produce a weak movement of the trading pair.
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