Stalemate for the British Pound bulls and bears .
Trading week at a glance - GBP/USD is up to 1.2442, after closing yesterday at zero. Overall, a 0% move or 12,441 pips this week. (Start trading the Pound at FXTM today).
The Pound upside coincides with further encouraging market factors as highly important Construction PMI data from United Kingdom beat analyst expectations of 51.1 with a reading of 51.6.
Meanwhile, United Kingdom Composite PMI released Monday with a figure of 54, while the previous figure was 54.9. United Kingdom Services PMI came out at 55.2, while a consensus of analysts was expecting 55.1. Fresh Manufacturing PMI data from United Kingdom came out at 47.1. United Kingdom Mortgage Rate (GBP) (May) came out at 7.44.
Furthermore, the market is looking at United Kingdom Average Earnings Index +Bonus is expected Tuesday.
Also worthy of note, United Kingdom Claimant Count Change (May) is expected Tuesday. United Kingdom GDP (YoY) (Apr) is scheduled for Wednesday.