FXstreet.com (Barcelona) - TD Securities analysts expect the UK manufacturing PMI to remain below 50 in October, possibly edging another 0.5pts or so lower after the weakness in the Eurozone PMIs and the CBI industrial survey. “Consensus has shifted from £50bn of additional QE at the Nov BoE decision to somewhere between £0-25bn now, and for the manufacturing and services PMIs (with the latter released on Mon 5 Nov) will help to refine those expectations”, wrote Alvin Pontoh, Asia-Pacific Macro Strategist at TD Securities,
Forex Flash: UK PMI to help refine BoE easing expectations – TD Securities
Thu, Nov 01 2012, 07:57 GMT | FXstreet.com
GBP/USD May 22 at 19:03 GMT
1.5044/47 (-0.71%)
H1.5176 L 1.5020
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
