GBP: Downside risks to manufacturing output – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Research Team at TDS, sees downside risks to UK Oct manufacturing output, where they see -0.6% (mkt -0.2%) after the healthy +0.8% for Sep.

    Key Quotes

    “The sector is feeling the strains of a relatively high GBP, and will continue to be a drag on UK growth. Luckily domestic demand in other sectors—particularly those related to consumer spending and services—is keeping the UK economy on a healthy growth track.”
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