Analysts at Danske Bank expect UK services PMI to show a rise next week but they warn that Brexit will remain in focus ahead of the EU summit in late June. Key Quotes: “In the UK next week, we only have one important data release, which is the PMI service index for May due out on Tuesday. PMI growth was just 0.1% q/q in Q1 and the service index in April showed no signs of a rebound. However, the service confidence indicator in May was encouraging, as it indicates service sector growth was stronger in May. Also Lloyds Business Barometer rose in May. Hence, we expect an increase in PMI service to 53.5 from 52.8.” “Brexit remains in focus, as the important EU summit on 28-29 June is fast approaching. The Government has said it is going to lay out its position on customs and trade in a White Paper set for release in June. Also, the House of Commons is going to discuss the House of Lord’s amendments to the EU withdrawal bill, which is going to be a war between the soft and hard Brexiteers. Unfortunately, we do not have any exact dates.” 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 Canada: Jobs data to attract most attention next week – NBF FX Street 5 years Analysts at Danske Bank expect UK services PMI to show a rise next week but they warn that Brexit will remain in focus ahead of the EU summit in late June. Key Quotes: "In the UK next week, we only have one important data release, which is the PMI service index for May due out on Tuesday. PMI growth was just 0.1% q/q in Q1 and the service index in April showed no signs of a rebound. However, the service confidence indicator in May was encouraging, as it indicates service sector growth was stronger in May. Also Lloyds Business Barometer… 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.
