Blogs

UK Service Sector Grows and Pound Surges

brexit.lockelord.com
September 5, 2016

The UK’s service industry rebound sharply in August with the Markit/CIPS Purchasing Managers’ Index (PMI) publishing the sector’s biggest month on month gain in 20 years. As a consequence the Pound hit a seven week high against the dollar after initially falling following the referendum result. This has led some experts to comment that the initial shock of the referendum result may be subsiding and that the UK is not heading towards another recession. It is suggested that this will instead give the Prime Minister a position of strength in negotiating a strong Brexit settlement with the EU.

Brexit Blog

Visit our Brexit Blog for the latest news and developments.

Visit the blog
RELATED NEWS & EVENTS