will kennedy and holger schmieding with us. "the up pulse," as shares fall and sales slump, what is the volkswagen family going to say today on the shop floor? ♪ francine: welcome back to "the pulse." manus: let's bring you a little bit of breaking news on the u.k. construction data. 55.3, that is significantly below the estimate, which was 58.8. that is the slowest pace in almost two years. this is u.k. home-building, the slowest pace in almost two years. francine: this is pound-dollar. what we found out in the last u.s.e of days is that the is a lot more dovish. we now understand that mark carney will give us more an indication when interest rates will rise. andou put that into context look at how dependent this country is on construction, that very big fall probably means they may delay hikes. at the moment, it is just one piece of data. look at the pound drop. manus: [indiscernible] we are seeing cable drop. there's dollar-sterling. just the other day, we broke through 1.50 because of those dovish comments. cable dropping.