UK services PMI expected to fall to 59.2 – TDS

FXStreet (Barcelona) – The TD Securities Team expects UK services PMI to register a slight fall to 59.2 from previous 59.5.

Key Quotes

“We are in line with consensus in looking for the services PMI to moderate slightly from 59.5 to 59.2. The risks around this seem balanced. The strength in the sector is generally overdue for some moderation and there were only minor reports last month of electoral uncertainty restraining activity. Moreover, where the clarity could be seen as making planning easier and boosting demand, the outcome itself was not a benefit for all. For example, it has raised the spectre of accelerated job cuts in the public sector.”

The TD Securities Team expects UK services PMI to register a slight fall to 59.2 from previous 59.5.

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