estc .thlais hotas hkeehyson' at' ey llca hke cwistomin biness rn fid , p cth bou e.juais hotas hkeehyson' at' ey ddstus azetomimeag y wiourofia'y llca hke heesevwiwiro fii francine: welcome to "the pulse." live from bloomberg's european headquarters, i am fre month of july but it is better than expected. 45.9 so that to indicates a contraction. we were forecasting a figure of 44 so 45.9, better than expected. you are starting to feel the first signs of brexit. construction in general probably one of the sectors that has been hit the most since the vote on june 23 for the u.k. to leave the eu, as a lot of projects have been held back. the pound, 1.3210. the yen, we have been covering it quite extensively. we have also had a little bit of detail on the fiscal plan. we heard from the japanese finance minister and we are hearing from governor kuroda. he was off about this policy announcement. they said there would be a policy review. governor kuroda saying he does not think the boj will shrink its policy after that review. i think we saw on the back of that a little bit of movement on yen. it is currently, if you look at yen, i think it was 102, 1