Wed, 05 Nov 2014 14:06:07 GMT
UK services PMI drops in October
The UK services companies' growth is falling, with the purchasing managers index dropping to 56.2 in October against 58.7 in September. The slowing tertiary sector expansion rate reduces the potential for an interest rate hike, even though the manufacturing sector is improving. The Pound was down 0.7% against the US Dollar, reaching $1.5894.