UK data! Don’t miss!
Dear traders,
Reports on the index of business activity in the manufacturing and construction sectors (PMI) will be published on Monday and Tuesday, at 11:30 Kyiv time, respectively.
On Tuesday, at 11:30, a report on the UK’s leading services sector will be published. According to forecasts, the PMI index will drop to 53.9 after the previous month’s value of 54.0.
According to the official report published on Friday, the data of the UK’s economic growth for the first quarter were revised upward, which strengthened the forecasts on the possibility of raising the interest rate by the Bank of England this year.
Futures on the interest rate increase by the Bank of England in August rose from 50% to 60%. (Investing.com)
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