#47.3

Temperatures in parts of Delhi breach 47.3 degrees

Temperatures in parts of Delhi breach 47.3 degrees New Delhi, Jun 06: The ongoing heat wave spell tightened its grip on parts of Delhi on Sunday, with the mercury breaching the 45-degree Celsius mark in six localities. At the Safdarjung Observatory, the city’s base station, the maximum temperature settled New Delhi, Jun 06: The ongoing heat wave spell tightened its grip on parts of Delhi on…

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UK July Providers PMI Comes In At 47.three Forward Of BoE's Assembly

Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Aug 04 16 07:37 GMT

‘It’s a tempting policy to restart, but if you look at it objectively through the channels through which it operates … there’s not that much scope to do anything more’. – Philip Shaw, Investec

Activity in Britain’s services sector dropped to its lowest level since March 2009 following the country’s decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday. The final Purchasing Managers’ Index (PMI) for the services sector fell to 47.4 on a seasonally adjusted basis in July from 52.3 points seen in the preceding month, in line with market analysts’ expectations and the preliminary reading released by Markit/CIPS two weeks ago. Furthermore, the all-sector PMI, which includes the manufacturing sector as well as the construction sector and the services sector declined to 47.3 points in the reported month, following June’s 51.9 points and hitting the lowest level since April 2009. Although Chris Williamson, chief economist at Markit, commented in the report it is too early to say if the indicators will remain in the contraction territory in the upcoming months, adding that the fall of the all-sector PMI showed an increased chance of the United Kingdom sliding into recession.

Moreover, the PMI surveys added pressure on the Bank of England to cut interest rates and its economic growth forecasts for the domestic economy at its August meeting on Thursday for the first time since the financial crisis.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/mVcnDw

UK July Providers PMI Comes In At 47.three Forward Of BoE's Assembly

Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Aug 04 16 07:37 GMT

‘It’s a tempting policy to restart, but if you look at it objectively through the channels through which it operates … there’s not that much scope to do anything more’. – Philip Shaw, Investec

Activity in Britain’s services sector dropped to its lowest level since March 2009 following the country’s decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday. The final Purchasing Managers’ Index (PMI) for the services sector fell to 47.4 on a seasonally adjusted basis in July from 52.3 points seen in the preceding month, in line with market analysts’ expectations and the preliminary reading released by Markit/CIPS two weeks ago. Furthermore, the all-sector PMI, which includes the manufacturing sector as well as the construction sector and the services sector declined to 47.3 points in the reported month, following June’s 51.9 points and hitting the lowest level since April 2009. Although Chris Williamson, chief economist at Markit, commented in the report it is too early to say if the indicators will remain in the contraction territory in the upcoming months, adding that the fall of the all-sector PMI showed an increased chance of the United Kingdom sliding into recession.

Moreover, the PMI surveys added pressure on the Bank of England to cut interest rates and its economic growth forecasts for the domestic economy at its August meeting on Thursday for the first time since the financial crisis.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/mVcnDw

UK July Providers PMI Comes In At 47.three Forward Of BoE's Assembly

Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Aug 04 16 07:37 GMT

‘It’s a tempting policy to restart, but if you look at it objectively through the channels through which it operates … there’s not that much scope to do anything more’. – Philip Shaw, Investec

Activity in Britain’s services sector dropped to its lowest level since March 2009 following the country’s decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday. The final Purchasing Managers’ Index (PMI) for the services sector fell to 47.4 on a seasonally adjusted basis in July from 52.3 points seen in the preceding month, in line with market analysts’ expectations and the preliminary reading released by Markit/CIPS two weeks ago. Furthermore, the all-sector PMI, which includes the manufacturing sector as well as the construction sector and the services sector declined to 47.3 points in the reported month, following June’s 51.9 points and hitting the lowest level since April 2009. Although Chris Williamson, chief economist at Markit, commented in the report it is too early to say if the indicators will remain in the contraction territory in the upcoming months, adding that the fall of the all-sector PMI showed an increased chance of the United Kingdom sliding into recession.

Moreover, the PMI surveys added pressure on the Bank of England to cut interest rates and its economic growth forecasts for the domestic economy at its August meeting on Thursday for the first time since the financial crisis.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/mVcnDw

UK July Providers PMI Comes In At 47.three Forward Of BoE's Assembly

Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Aug 04 16 07:37 GMT

‘It’s a tempting policy to restart, but if you look at it objectively through the channels through which it operates … there’s not that much scope to do anything more’. – Philip Shaw, Investec

Activity in Britain’s services sector dropped to its lowest level since March 2009 following the country’s decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday. The final Purchasing Managers’ Index (PMI) for the services sector fell to 47.4 on a seasonally adjusted basis in July from 52.3 points seen in the preceding month, in line with market analysts’ expectations and the preliminary reading released by Markit/CIPS two weeks ago. Furthermore, the all-sector PMI, which includes the manufacturing sector as well as the construction sector and the services sector declined to 47.3 points in the reported month, following June’s 51.9 points and hitting the lowest level since April 2009. Although Chris Williamson, chief economist at Markit, commented in the report it is too early to say if the indicators will remain in the contraction territory in the upcoming months, adding that the fall of the all-sector PMI showed an increased chance of the United Kingdom sliding into recession.

Moreover, the PMI surveys added pressure on the Bank of England to cut interest rates and its economic growth forecasts for the domestic economy at its August meeting on Thursday for the first time since the financial crisis.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/mVcnDw

UK July Providers PMI Comes In At 47.three Forward Of BoE's Assembly

Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Aug 04 16 07:37 GMT

‘It’s a tempting policy to restart, but if you look at it objectively through the channels through which it operates … there’s not that much scope to do anything more’. – Philip Shaw, Investec

Activity in Britain’s services sector dropped to its lowest level since March 2009 following the country’s decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday. The final Purchasing Managers’ Index (PMI) for the services sector fell to 47.4 on a seasonally adjusted basis in July from 52.3 points seen in the preceding month, in line with market analysts’ expectations and the preliminary reading released by Markit/CIPS two weeks ago. Furthermore, the all-sector PMI, which includes the manufacturing sector as well as the construction sector and the services sector declined to 47.3 points in the reported month, following June’s 51.9 points and hitting the lowest level since April 2009. Although Chris Williamson, chief economist at Markit, commented in the report it is too early to say if the indicators will remain in the contraction territory in the upcoming months, adding that the fall of the all-sector PMI showed an increased chance of the United Kingdom sliding into recession.

Moreover, the PMI surveys added pressure on the Bank of England to cut interest rates and its economic growth forecasts for the domestic economy at its August meeting on Thursday for the first time since the financial crisis.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.