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. "



Related Forex Analysis
  1. Forex News

    BoE: No rush to hike - Raboabank

  2. Forex News

    GBP/USD dips below 1.5650

  3. Forex News

    BoE: No early Christmas surprises – RBS

  4. Forex News

    EUR/USD Rebound Post-EZ CPI a Preview for ECB Next Week?

  5. Forex News

    GBP/USD capped by 1.5725, falls to fresh daily lows

Trading Center