Peak in the construction industry strengthens the pound

The pound strengthened today following positive news on the UK construction industry hitting the sharpest rise since August 2007, according to Markits latest figures . As housing activity peaks in the UK, more jobs have been created in the construction sector, and confidence is high for a promising 2014.

The construction economy has also seen a recent rise in domestic and export orders from overseas, which shifts the reliance on UK household spending to drive growth.

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