Positive July UK Services PMI suggests favorable GDP growth in Q32014 - BNP Paribas

FXStreet (Łódź) - Catherine Stephan, economist at BNP Paribas, emphasizes that today's July UK Services PMI reading of 59.1 is the highest seen since November 2013.

Key quotes

"This increase offsets the downward correction in indices in manufacturing and construction sectors."

"Surveys thus suggest a favourable GDP growth in Q32014. "