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."