Robust UK PMI invites Sterling bulls

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 3, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets An impressive UK PMI of 55.5 offered a welcome boost to the Sterling bulls in Monday’s European session. With this latest PMI hitting a 16 week high, some fears may have been erased regarding the potential slowdown in economic momentum within the UK economy. Despite the astronomically low probability that the Bank of England (BoE) will hike UK rates in November, there may be a possibility that another MPC member will side with Ian McCafferty in voting for an interest rate rise

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