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4 May 2016
UK slowing in key sector of economy - Scotiabank
Analysts at Scotiabank explained that UK construction PMI for April came in two full points below expectations at 52, suggesting a slower rate of growth in a key sector for the economy.
Key Quotes:
"A weak run of data in the past few weeks – jobs, retail sales, manufacturing – are weighing on the GBP sentiment and add to the impression that the impending UK referendum is having an impact on investment and activity. Sterling is under-performing on the day and is the only G-10 currency to have lost ground against the USD year to date."
Key Quotes:
"A weak run of data in the past few weeks – jobs, retail sales, manufacturing – are weighing on the GBP sentiment and add to the impression that the impending UK referendum is having an impact on investment and activity. Sterling is under-performing on the day and is the only G-10 currency to have lost ground against the USD year to date."