UK Markit/CIPS Jan construction PMI data now out 2 Feb

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Lowest reading in 4 months with UK homebuilding in decline after 16 months of growth. New orders contract on political and economic uncertainty.

Soggy data but in a sector that doesn't have much bearing on the c. 80%-led services UK GDP, more's the pity.

Down goes cable to 1.4208 with USD demand helping. EURGBP steady around 0.8785 still as EURUSD falls back to 1.2480. GBPJPY testing below 156.00 again but bids/support around 155.80 with more into 155.50.

GBPUSD bids waiting again at 1.4200 then more into 1.4180.

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