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GBP: Services PMI to post third monthly decline - TDS

FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, expects a third monthly decline in the UK services PMI in September, with a reading of 54.8 expected (vs market consensus of 56.3).

Key Quotes

“Even with another fall, the PMI Services remains in significant expansion territory, and this gradual decline in the level simply reinforces our view that UK growth will remain healthy—but slightly slower—in the second half of the year.”

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