UK Data misses expectations again as services sector feels investor woes
Yet another black mark occurred on Carney’s list this morning as the largest sector in the UK, Services, dropped marginally below analyst forecasts at 53.4 for June. Whilst the headline figures may do little to startle the Bank of England just yet, this will be a stark warning for the possibility of further trouble ahead for Carney and Co.
Sterling has been given a tougher ride since last month’s election result, and with a government in disarray, the business sector could continue on a sluggish path until nervy investors find reason to feel confident again.
Sterling dips after tepid UK services data
Anthony Kurukgy, Senior Sales Trader, quoted in Reuters