UK: Services PMI surged to 51.4 in July – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that the UK Services PMI rose just over a point in July to 51.4, hitting its highest level since October 2018.

Key Quotes

“New work helped to support the sector, but businesses remain downbeat about future demand prospects. Large corporate firms reported delayed spending decisions over political uncertainty, but noted that the weaker pound had improved prospects with foreign demand.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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