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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD Technical Analysis: Digestion Below 1.53 Continues

  2. Forex News

    GBP: Fed volatility within 50 pip range, scores ground on 1.52 handle

  3. Forex News

    Carney speaking; GBP technically mixed - Scotiabank

  4. Forex News

    GBP/USD extiende descenso a mínimos del día en 1.5155

  5. Forex News

    GBP/USD extends decline to daily lows around 1.5155

Trading Center