Published by Mark Smith-HalvorsenThe pound traded at $1.5351 in foreign exchange trading yesterday (October 5th), slightly higher than its recent 12-month low of $1.5326.Reuters reports the move came after data relating to the UK's construction industry - released as part of the Markit/CIPS construction purchasing managers index - indicated that activity fell more than anticipated.Later today the Bank of England is due to release the findings of its latest Monetary Policy Committee meeting, with some speculation that financial stimulus measures may be introduced.Commenting on the impact the information will have on sterling, chief strategist at FX Pro Michael Derks said: "Any individual piece of data that reinforces the message the economy is not in fantastic shape and points to the Bank potentially implementing further [quantitative easing] will get a negative response."Earlier this week, data from Hometrack found that a 0.1 per cent fall in the average price of residential properties in the UK occurred between August and September.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site