3 Dec 2013
Flash: GBP gains reinforced by UK economic outperformance - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that Pounds upward momentum has been reinforced by further evidence yesterday that the UK economy continues to outperform.
Key Quotes
“The manufacturing PMI survey increased by 1.9 point to 58.4 in November reaching its highest level since February 2011.”
“The new orders sub-component was even more buoyant rising to its highest level in nineteen years, while employment also strengthened further reaching its highest level in two and a half years.”
“Domestic factors remain the main driver of strength, with the new export orders sub-component more modest at 54.8.”
Key Quotes
“The manufacturing PMI survey increased by 1.9 point to 58.4 in November reaching its highest level since February 2011.”
“The new orders sub-component was even more buoyant rising to its highest level in nineteen years, while employment also strengthened further reaching its highest level in two and a half years.”
“Domestic factors remain the main driver of strength, with the new export orders sub-component more modest at 54.8.”