GBP/USD has a look below 1.30 ahead of UK data release at 8.30am GMT

In a couple of minutes the UK will release its latest construction PMI data, at 8.30am GMT. Ahead of this the further fall in the EUR/USD (Just noted in the previous update) has pushed the GBP/USD to below 1.30 this morning. The low seen was set at 1.2982. It is rebounding off that low just now, but the move lower suggests the fall in the FTSE 100 might not be due to domestic based investors alone, as also noted when looking at the DAX a moment ago. Now this UK construction data would not normally raise any eyebrows, but right now the focus on increased UK house building is very much in the spotlight, especially if that is not yet evident. The index is forecast to rise to 46.3 from a prior, tepid level at 44.6. The Pound might not take well to a lower reading if seen. All to be revealed very shortly. The GBP/USD is right now at 1.2998