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UK: EU Referendum has started to bite - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the EU Referendum has started to bite.

    Key Quotes

    “UK February’s services PMI fell to 52.7, its weakest showing since early 2013, largely due to slowing new business as market/global uncertainty and Brexit weighed on firms’ confidence. Services employment also rose at the slowest rate in 2.5 years. Other details in the report weren’t quite as bad as the headline suggests, but momentum is clearly continuing to slow in the sector, and today’s print is consistent with no growth in the services sector in Feb.”
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