Analysts at TD Securities are looking for the UK’s Manufacturing PMI to slide further below the 50-mark in July to 47.0 (mkt 47.6). Key Quotes “Given the poor outcomes for other European flash PMIs for the month and the growing talk of a hard Brexit, it’s difficult to see UK manufacturing activity improving.” “After the data, we have the next Bank of England decision coming up at midday. Going into the decision, we think that given the change of tone from the Fed and the ECB recently, markets are eager to price in further easing from the BoE as well. Although our base case sees the MPC retaining the reference to gradual and limited rate hikes, we think that markets are likely to look right through any mention of rate hikes as entirely implausible, and just grasp onto any dovish language instead. And given the worsening global backdrop and the increasing concerns around a no-deal Brexit, there should be plenty of dovish language to satisfy markets.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY sits near 2-month tops, comfortably above 109.00 handle FX Street 4 years Analysts at TD Securities are looking for the UK's Manufacturing PMI to slide further below the 50-mark in July to 47.0 (mkt 47.6). Key Quotes "Given the poor outcomes for other European flash PMIs for the month and the growing talk of a hard Brexit, it's difficult to see UK manufacturing activity improving." "After the data, we have the next Bank of England decision coming up at midday. Going into the decision, we think that given the change of tone from the Fed and the ECB recently, markets are eager to price in further easing from the BoE as well.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
