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UK data events include key Manufacturing PMI - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the key events taking place next week in the UK including the November Manufacturing PMI (1 Dec).

    Key Quotes:

    "November Manufacturing PMI (1 Dec): We think November’s manufacturing PMI will increase firmly into strong expansion territory, rising to 56.5 (consensus is for a fall to 53.6).

    Spillovers from a very healthy reading in the euro area PMI this month are likely to support UK manufacturing, as are the lagged effects from the slight depreciation in GBP seen in September and October.

    The construction PMI is also out on Wednesday, and here we expect a small increase to 59.5 (consensus: 58.6)."
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