Analysts at TD Securities note that the UK services PMI fell from 50.6 to 49.5 in September (mkt 50.3), unexpectedly falling into contraction territory. Key Quotes “And like its manufacturing and construction counterparts earlier in the week, the survey noted the fastest rate of job shedding in the services sector since August 2010. The Markit report also “provided evidence that international clients had switched business to other markets amid increased concerns around a potential no-deal Brexit.” “The report mentions that the poor PMI data “push the surveys further into territory that would normally be associated with policy stimulus from the Bank of England,” something that we agree with, and we’ll be watching comments from MPC members particularly closely over the rest of the month, to see how many of them may be thinking more seriously about rate cuts in the near-term.” 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 UK’s Corbyn: Proposals will be rejected in Brussels and in House of Commons FX Street 3 years Analysts at TD Securities note that the UK services PMI fell from 50.6 to 49.5 in September (mkt 50.3), unexpectedly falling into contraction territory. Key Quotes "And like its manufacturing and construction counterparts earlier in the week, the survey noted the fastest rate of job shedding in the services sector since August 2010. The Markit report also "provided evidence that international clients had switched business to other markets amid increased concerns around a potential no-deal Brexit." "The report mentions that the poor PMI data "push the surveys further into territory that would normally be associated with policy stimulus from the… 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.
