FXStreet (Guatemala) – Analysts at TD Securities noted the big three events for the UK next week as follows:
“1. Manufacturing PMI (1 Sep): Data in the UK remains light this week, and the main focus will be on the PMIs. First up is August’s manufacturing PMI. Market consensus is looking for a near-steady 52.0 reading (compared to July’s 51.9), but we think that fundamentals are lined up for a fall in the survey to 51.0. Continued appreciation in GBP, coupled with four straight months of declining new orders, suggest that this sector in particular will remain a drag on the UK economy.
2. Construction PMI (2 Sep): Next up are the construction PMIs, with both TD and the market looking for a 57.5 reading, a slight increase from July’s reading of 57.1. Strong inflows of new work orders in recent months are maintaining optimism in the sector, which has been in considerable expansion territory since early-2013.
3. Services PMI (3 Sep): Finally, on Thursday we get the services PMI. Again, here both we and the markets are looking for the reading to come in at 57.5, largely in line with July’s reading of 57.4. Like construction, services sentiment has remained in significant expansion territory since early-2013, and has been a key driver of growth in the UK of late.”
Analysts at TD Securities noted the big three events for the UK next week as follows:
(Market News Provided by FXstreet)