James Smith, developed markets economist at ING, points out that the UK manufacturing PMI has slipped back further as Brexit preparations accelerate as the current index reading of 52.0 is only because firms are building up inventory ahead of Brexit. Key Quotes “We are sceptical that this stock-building activity will do much to boost overall economic growth.” “While an extension to the Article 50 negotiating period is becoming more likely, we are unlikely to know for sure until much closer to the 29 March deadline.” “The upshot is that first quarter growth is likely to be fairly weak, and we’ll be watching next week’s services PMI closely to see whether the sector – which is the major driver of economic activity in the UK – has entered contractionary territory.” 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 WTI corrects from over 3-month tops near $ 57.80 FX Street 4 years James Smith, developed markets economist at ING, points out that the UK manufacturing PMI has slipped back further as Brexit preparations accelerate as the current index reading of 52.0 is only because firms are building up inventory ahead of Brexit. Key Quotes "We are sceptical that this stock-building activity will do much to boost overall economic growth." "While an extension to the Article 50 negotiating period is becoming more likely, we are unlikely to know for sure until much closer to the 29 March deadline." "The upshot is that first quarter growth is likely to be fairly weak, and we'll… 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.
