4th March 2014
The pound has seen its gains on the dollar trimmed today (March 4th) due to the release of construction data.
Purchasing Managers' Index (PMI) figures from Markit and the Chartered Institute of Purchasing & Supply show a headline reading of 62.6 in February, down from 64.6 in January.
As of 10:50 GMT, the pound was up 0.10 per cent on the dollar at $1.6684. It had reached a session high of $1.6717 prior to the data's release.
Forex trading has again been influenced by the political situation in Ukraine, with a slight increase in optimism regarding the potential for an arrangement between the nation and Russia seeing investors more willing to take risks.
Elsewhere, the pound has dropped 0.04 per cent against the Euro to €1.2129. It is up on the yen however, rising 0.57 per cent to 170.0400.
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