UK Services PMI key for GDP growth – Danske Bank

FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, signals the relevance of the services PMI print for the UK growth prospects.

Key Quotes

“In the UK, there will be considerable attention on April service PMI today as service constitutes close to 80% of the economy”.

“If it remains just close to its current level above 57, it will suggest that GDP continues to grow substantially above trend”.