020 7898 0500The only release of note from the UK, US and eurozone yesterday was the eurozone’s construction output for June. Year-on-year, the figure came in at 2.6% from an upwardly revised 2% in the previous month. It was much better than the 1.6% the markets had been expecting and is the sharpest increase in construction since January.
Euro movements were fairly sedate, although the single currency did make a little ground against the dollar. Greater movements between the major pairings can be expected later this week, with some headline releases on the schedule, especially the minutes from the ECB monetary policy meeting accounts.
