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European Market Update: UK Markets Bracing For Recession Following Brexit

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 4, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    UK markets are clearly bracing for recession despite prospects for pre-emptive and aggressive action by the BoE, which hinted at another rate cut over the summer. UK Construction PMI registered its 1st contraction in 40 months and lowest level since Jun 2009. GBP/USD saw earlier gains dissipated with the pair[​IMG]

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