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27 Feb 2015
Key event for UK next week - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the key event ahead for the UK.
Key Quotes:
"Manufacturing PMI (Mon 2 March): With the Eurozone manufacturing PMI having hit its highest level since July 2014, we look for the UK PMI to gain further ground as well with a 0.6pt rise to 53.6 in Feb, which would also be its highest level in the same period."
"The Jan survey showed rising output and new orders, with “the first meaningful improvement in new export orders” for 5 months, so that should feed through to continued better output growth in Feb."
Key Quotes:
"Manufacturing PMI (Mon 2 March): With the Eurozone manufacturing PMI having hit its highest level since July 2014, we look for the UK PMI to gain further ground as well with a 0.6pt rise to 53.6 in Feb, which would also be its highest level in the same period."
"The Jan survey showed rising output and new orders, with “the first meaningful improvement in new export orders” for 5 months, so that should feed through to continued better output growth in Feb."