Market is entraped. On the one hand we have drama propaganda on Brexit, on the other hand the UK is even better than before.
UK Service sector continues to recover from Brexit vote shock
The UK service sector continued to recover from July’s EU referendum-induced shock, according to PMI® survey data for September from IHS Markit and CIPS. Business activity rose for the second month running, following a sharp drop in July linked to uncertainty surrounding the UK’s vote to leave the European Union. Moreover, new business rose at the fastest pace since February and the rate of job creation picked up. However, future expectations remained very low by historical standards and the survey recorded the sharpest increase in service sector input prices in over three-and-a-half years. The survey’s ... (full story)