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02/06/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • June 2, 2017
  • No Comments

The exchange rates for today can be seen at the bottom of the article. Please note they are for indication only; for live prices please contact us.

British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lack lustre start to the year, a survey showed this morning.

The Markit/CIPS construction purchasing managers’ index (PMI) jumped to 56.0 from 53.1, its highest since December 2015 and above all forecasts in a recent poll.

Construction only accounts for about 6 percent of Britain’s economy. But alongside a similar robust manufacturing survey released yesterday, it adds to signs that the economy may be recovering from near-stagnation at the start of 2017.

The picture will become clearer on Monday, when Markit releases its PMI for the much-larger services sector, which is more exposed to slowing consumer spending as households grapple with accelerating inflation.

Britain’s opposition Labour Party has highlighted squeezed living standards ahead of a national election due on June 8, though polls still show Prime Minister Theresa May’s Conservatives lead among those most likely to vote.

 

GBP/EUR 1.1435

GBP/USD 1.2840  

GBP/AED 4.7230
GBP/AUD 1.7420 

GBP/CAD 1.7401  

GBP/CHF 1.2481

GBP/NZD 1.8157  

EUR/USD 1.1212  

GBP/ZAR 16.562

 

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