Britain continued to supply data on weak economic condition of the country. In April, the activity in the construction sector declined significantly after 2 months of recovery. Index value of PMI showed a decline to 53.3 from 56.4 in March. In addition, housing prices continued to fall Nationwide: -0.2% m / m, -1.3% YoY vs. 0.1% m / m -0.7% y / y +0, 5% m / m in March. Only a little pleased with the data on lending: in March the number of approved applications for a mortgage in Britain rose to 47.557 from 46.708 thousand thousand in February, which was the strongest rise since November 2010, but was lower than analysts projected 48 thousandIf today's report on the services sector will be the same disappointing that the Bank of England really is not reason to tighten monetary policy in the current downturn. The pound continues to hold near the 1.65 mark, not having enough even as a catalyst should be enhanced above this level. Scheduled for the meeting today the Bank of England is likely to pass without incident, and it means that comment and officials today we do not get it. Nevertheless, the pound still can be a bit loose, even in the absence of action by the Central Bank since yesterday agency Standard and Poor's has given some players hope notifying pending rate increase in the coming 3 months due to the likely rise in inflation to 5% the third quarter. To date, the market is a lot of hope scheduled for May 11 publication of the quarterly inflation report from the Bank of England. That there may be surprises.
