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UK Services Sector Returned to Growth in April but Economists say PMI Surveys are Underestimating the Expansion

  • Written by James Skinner

The UK services sector returned to growth last month as activity among companies in the UK's largest economic sector recovered from an earlier trough, according to the latest IHS Markit PMI survey, although it will be a tall order for the economy to better its first-quarter performance. 

Read more: UK Services Sector Returned to Growth in April but Economists say PMI Surveys are Underestimating...

Dove / Hawk Scale: Where Central Banks are Likely to Move and Implications for Currencies

  • Written by Joaquin Monfort

US Federal Reserve

Citibank has come up with a graphic to illustrate where they think major central banks are now positioned on a scale of dovish to hawkish. The graphic below shows the European Central Bank is currently the most dovish and the Norwegian Riksbank the most hawkish.

Read more: Dove / Hawk Scale: Where Central Banks are Likely to Move and Implications for Currencies

Manufacturing PMI: Expansion Cools, but Firms Optimistic on the Outlook

  • Written by Gary Howes

UK manufacturing

UK manufacturers saw the rate of business expansion cool over the course of April as export orders declined and they pulled back on efforts to stockpile goods in case of a 'no deal' Brexit, however firms appear to have become increasingly optimistic on the fortunes coming months will bring.

Read more: Manufacturing PMI: Expansion Cools, but Firms Optimistic on the Outlook

UK Economy On Track for Solid First Quarter after Holding January's Explosive Gains Through February

  • Written by James Skinner

The UK economy could be on course for its best quarter since before the Brexit referendum of 2016 after explosive gains in GDP seen during January were extended in the February month, Office for National Statistics data showed on Wednesday. 

Read more: UK Economy On Track for Solid First Quarter after Holding January's Explosive Gains Through February