The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction. It gives an indication about the health of the construction section in the UK. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance it will be less than forecast value so bearish for GBP and pip volatility will be more than 25 pips so good opportunity to sell the GBP near to news and book profit after the news.

UK Q1 GDP Growth Weaker Than Expected
UK Inflation Rate Steady At 3-1/2-Year High
UK Trade Deficit Widens On Higher Imports
UK Q4 GDP Growth Revised Down To 1.9% YoY
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