Market comment

UK concerns to the fore

DAVY VIEW

Some ten days on from Prime Minister Boris Johnson being announced as the UK’s new leader, concerns about the country’s broader economic prospects remain to the fore. Yesterday’s decision by the Bank of England to cut its UK growth forecasts sent sterling versus the US dollar to levels not seen since January 2017. Following the extremely disappointing outcome for June, this morning’s UK construction PMI reading for July will be watched closely.

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Aug 2 2019, 07:30 IST/BST

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