UK: Potential for a big upside surprise in November’s Manufacturing PMI - TDS

Research Team at TDS, sees potential for a big upside surprise of 56.0 in November’s Manufacturing PMI of UK.

Key Quotes

“Markets are looking for a near-flat reading of 54.4, but strength in the month’s CBI Output Expectations and recent sterling depreciation signal a pick-up in November activity. London’s Brexit-focused Richmond Park by-election also takes place. Zac Goldsmith, the incumbent ex-Conservative, anti-Heathrow expansion, ex-London Mayoral candidate, pro-Brexit MP is now running as an independent and looking strong in the polls, but the area did vote over 70% in favour of remaining in the EU, and pro-Europe parties are campaigning strategically behind a single Lib Dem candidate.”