Market Focus

On Monday, 04.12.2017, the economic calendar will be almost empty, but it is worth focusing on the index of business activity in the construction sector in the UK. The index measures the level of activity of purchasing managers in the construction industry, which is one of the main drivers of the UK economy.

The data release is predicted to be at the level of 51.0, which is higher than the previous indicator at the level of 50.8. If the forecast is confirmed, the data will provide little support for the British currency. In case of deviation of the indicator by 5% from the forecast, one should expect the movement of the British currency within 60-70 points against competitors.

Alexander Sivtsov