FXStreet (Delhi) – Research Team at BBH, suggests that today’s UK report was mildly disappointing.
Key Quotes
“The service PMI slipped to 55.5 from 55.9, which was a touch below expectations. The composite reading, which had improved in October and November, slipped back to 55.3, the lowest reading for the quarter.
This week, the manufacturing and services PMI disappointed, with the index covering the smallest part of the British economy (construction) doing a bit better. Expectations for a BOE rate hike continue to be pushed out, with an investment bank or two announcing forecast changes today.”
(Market News Provided by FXstreet)