UK August Services PMI expected to drop to 58.5 - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities believes that UK Services PMI fell from 59.1 in July to 58.5 in August, in line with general consensus.

Key quotes

"After the softer manufacturing report, the risks here may lie slightly to the downside."

"While there still appears to be strong momentum through Q3, the cold and rainy weather likely weighed on services activity during the month."