UK growth is slowing – Socgen

By FXStreet Kit Juckes, analyst at Societe Generale explained that UK growth goes on slowing.

Key Quotes:

“We’re actually expecting a pick-up in the UK PMI to 51.4 tomorrow but the UK economy has suffered though a toxic referendum campaign.”

“The one weekend opinion poll I saw was at odds with Bookmakers’ growing confidence in a vote to remain in the EU and I doubt we’re ‘done’ with either pre-vote nerves or sterling weakness.”

“Are all the shorts out? I don’t know, but when they are we will see EUR/GBP head higher again.”
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Source:: FX Street