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UK Manufacturing PMI expected to rebound in September - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities expects the UK Manufacturing PMI to record an increase of up to one point in September.

Key quotes

"While most global manufacturing surveys for September have come in soft, we are tracking a rebound of up to one point for the UK Manufacturing PMI while consensus look for a smaller rise from 52.5 to 52.7."

"The UK outperformance relative to the Eurozone has unwound and removed downside risks, and in fact the July and August declines seem to have significantly overshot, making a rebound in September or October likely."

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