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UK: Services PMI likely to decline to 50.5 in January – TDS

Analysts at TD Securities are looking for an unwind is the gains seen last month in the UK services sector, with a decline in the January Services PMI to 50.5 (mkt: 51.0).

Key Quotes

“We expect not only Brexit to weigh on sentiment in the month, but also slower European growth, as evidenced in last week’s Manufacturing PMI report.”

“Theresa May will deliver a speech on Brexit and the backstop from Northern Ireland.”

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