Corporate

03 Jun 2015
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UK Services PMI Indicates Slower Recovery

According to just released PMI figures, business activity in Britain’s service sector expanded at the slowest pace in five months for May. Tomorrow, the BoE is scheduled to hold a monetary policy meeting, wherein the central bank is expected to keep its benchmark interest rate steady at 0.5%. In the Euro area, a spate of services PMI reports were released earlier, with the zone recording a less than feared drop. Later in the day, the ECB is to hold its monetary policy meeting, withthe central bank likely to reaffirm its stance to maintain the stimulus programme until September 2016. Later today, non-manufacturing sector activity and trade data in the US are expected to draw market attention.
03 Jun 2015
Share

UK Services PMI Indicates Slower Recovery

According to just released PMI figures, business activity in Britain’s service sector expanded at the slowest pace in five months for May. Tomorrow, the BoE is scheduled to hold a monetary policy meeting, wherein the central bank is expected to keep its benchmark interest rate steady at 0.5%. In the Euro area, a spate of services PMI reports were released earlier, with the zone recording a less than feared drop. Later in the day, the ECB is to hold its monetary policy meeting, withthe central bank likely to reaffirm its stance to maintain the stimulus programme until September 2016. Later today, non-manufacturing sector activity and trade data in the US are expected to draw market attention.