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The trend is still bearish for GBP/USD

GBP/USD is facing the 100 SMA on the H4 chart, which is acting as resistance, while construction activity remains in contraction Full Article

3 W
Inflation has finally picked up in Europe as well

EUR/USD has turned bearish again today at the 200 SMA, despite the higher inflation and construction output Full Article

2 years
The bearish trend continues in EUR/GBP

EUR/GBP has reversed at the 100 daily SMA and the lower UK GDP is not helping it Full Article

2 years
UK Construction Report January

GBP/USD has jumped higher as the BOE remains on hold again Full Article

2 years
UK November GDP

UK economy heading down again, as the GDP contracts in November Full Article

2 years
The UK economy has been weakening in the last three months after it rebounded in summer, following the flash crash in spring during lock-downs. Although, it is holding up much better than in Europe, as most sectors remain in expansion while in Europe services and construction have fallen in deep recession again. Today's construction reports from UK and Germany show the difference, with the activity expanding in November in Britain, while in Germany this sector remains deep in contraction. If it wasn't for the Brexit process, [[EUR/GBP]] should be on a strong bearish trend, but forex trading is not that straightforward nowadays, with everything that has been going on this year.      UK November Construction Report  November construction PMI 54.7 vs 52.0 expected October construction was PMI 53.1 points UK construction activity surprised to the upside last month, as new order growth sees its fastest rise since October 2014. Home-building remains the best performing sub-sector while civil engineering work also returned to growth in November. The rebound after the drop in October is at least a minor positive signal for the UK economy. Markit notes that:

UK construction activity expanded further in November Full Article

2 years
The YoY numbers are already negative

Eurozone construction activity increased in August, but it will dive again as Covid restrictions increase in Europe Full Article

2 years
The economic rebound seems to be going well until now in UK

The UK GDP posted another strong increase for July Full Article

3 years
UK construction makes a bearish reversal

UK construction surged in the previous months, but cooled off considerably in August Full Article

3 years
Will take some time for construction YoY to get to pre-covid levels

Eurozone construction output posted another decent increase in June, but it is slowing down though Full Article

3 years
Construction is recovering well

Construction activity is surging in the UK as the economy reopens Full Article

3 years
The tough times are over for UK construction

UK construction activity surged in June after contracting for about a year Full Article

3 years
There is some improvement compared to April though

Today's data from the US was promising, but construction spending declined again in May Full Article

3 years
April was still the main lock-down month though

Construction continues to be in a difficult position in Europe Full Article

3 years
UK economy dives by more than 20% in April

The UK GDP contracted by a massive 20.4% in April Full Article

3 years
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