UK: Construction PMI likely to rebound to 46.5 in August – TD Securities
|Analysts at TD Securities are in line with consensus in looking for the construction PMI to rebound to 46.5 in August, from unusually low readings over the prior two months.
Key Quotes
“UK markets will likely be watching political developments for direction though, with parliament sitting again today and big plans in the works to try to thwart any chances of a no-deal Brexit.”
“Parliament returns after its summer break, with the opposition planning to table a bill requiring Boris Johnson to request an extension to Article 50. The PM has pushed back on rebels within his own ranks by threatening to call an election should he lose a business motion on Tuesday. He would need support of at least 434 MPs (out of 650) for an election to be held; this vote could come as soon as Wednesday, with an election rumoured for the week of 14 October.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.