3 May 2016
UK growth is slowing - Socgen
Kit Juckes, analyst at Societe Generale explained that UK growth goes on slowing.
Key Quotes:
"We're actually expecting a pick-up in the UK PMI to 51.4 tomorrow but the UK economy has suffered though a toxic referendum campaign."
"The one weekend opinion poll I saw was at odds with Bookmakers' growing confidence in a vote to remain in the EU and I doubt we're ‘done' with either pre-vote nerves or sterling weakness."
"Are all the shorts out? I don't know, but when they are we will see EUR/GBP head higher again."
Key Quotes:
"We're actually expecting a pick-up in the UK PMI to 51.4 tomorrow but the UK economy has suffered though a toxic referendum campaign."
"The one weekend opinion poll I saw was at odds with Bookmakers' growing confidence in a vote to remain in the EU and I doubt we're ‘done' with either pre-vote nerves or sterling weakness."
"Are all the shorts out? I don't know, but when they are we will see EUR/GBP head higher again."