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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Global Economy, Central Banks Look for Further Improvement in GDP Data

  2. Forex News

    GBP/USD completes roundtrip after Fed

  3. Forex News

    GBP/USDa little chop on non eventful FOMC

  4. Forex News

    GBP/USD trims daily gains ahead of FOMC

  5. Forex News

    GBP/USD hits 4-week highs, nears 1.5700

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!