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3 Feb 2016
UK services PMI and EU negotiations in focus – Lloyds Bank
FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that the UK January Services PMI survey will provide a guide to the strength of activity at the start of the year.
Key Quotes
“Despite the rise in financial market volatility, the market consensus is for a broadly steady reading (it was 55.5 in December), which would suggest that the economy continued to expand at a pace close to ‘trend’.
Negotiations between the UK and the EU remain in focus. Yesterday, EU Council President Donald Tusk circulated a ‘new settlement’ for the UK. Agreement at the next EU Summit on 18-19 February could pave the way for the referendum on EU membership to take place as soon as June. European Commission President Jean-Claude Juncker is due to speak at the European Parliament this morning and UK Prime Minister’s Questions take place at midday.”
Key Quotes
“Despite the rise in financial market volatility, the market consensus is for a broadly steady reading (it was 55.5 in December), which would suggest that the economy continued to expand at a pace close to ‘trend’.
Negotiations between the UK and the EU remain in focus. Yesterday, EU Council President Donald Tusk circulated a ‘new settlement’ for the UK. Agreement at the next EU Summit on 18-19 February could pave the way for the referendum on EU membership to take place as soon as June. European Commission President Jean-Claude Juncker is due to speak at the European Parliament this morning and UK Prime Minister’s Questions take place at midday.”