Positive July UK Services PMI suggests favorable GDP growth in Q32014 - BNP Paribas

By FXstreet.com | Updated August 05, 2014 AAA

FXStreet (Łódź) - Catherine Stephan, economist at BNP Paribas, emphasizes that today's July UK Services PMI reading of 59.1 is the highest seen since November 2013.

Key quotes



"This increase offsets the downward correction in indices in manufacturing and construction sectors."



"Surveys thus suggest a favourable GDP growth in Q32014. "



You May Also Like

Related Forex Analysis
  1. Forex News

    UK Retail Sales rise for 20th consecutive month

  2. Forex News

    GBP/USD surges on Upbeat UK retail sales data

  3. Investing

    GBP/USD Broke Down During Last Session

  4. Forex News

    GBP/USD new low unconfirmed – Commerzbank

  5. Forex News

    GBP/USD declines ahead of retail sales data

Trading Center