top of page

UK Weekly Commentary - 22 June 2020

UK weekly commentary from Awa Brokers covering highlights, what we’re thinking about the markets and what your clients may be asking this week.


What we think

The purchasing managers survey points to manufacturing and services contracting, despite improvements on previous low levels. While there is hope that UK economic activity should improve as lockdown restrictions are eased, the economic expectations of British industry, including sales and consumer spending continues to be negative.

Week ahead

CBI Industrial Trends Orders (Jun) – Economic expectations exhibited by executives of manufacturing companies in the UK was -62 in May, an indication that the order volume of UK manufacturers is expected to reduce.

Composite PMI - The activity level of UK purchasing managers indicates a contraction. Composite PMI Index was 30.0 in June.

Manufacturing PMI – The manufacturing PMI rose to 40.7, though higher than previous, the reading suggests the manufacturing sector is in contraction.

Services PMI – The services PMI increased to 29.0, 15.6 points higher than previous. However, the reading indicates the service sector is in contraction.

CBI Distributive Trades Survey (Jun) - The British Industry Trades Survey was -50 as forecast in May, even though April reading was lower than estimates, reflecting a pessimistic outlook. Trades survey was -55 in April.

CFTC GBP speculative net positions - The net positions for speculative traders in U.S. futures markets dropped by 16.0K as at June 19, versus the 36.0K drop recorded in June 05.


*For professional clients and qualified investors only

38 views0 comments

Recent Posts

See All

UK Weekly Commentary - 03 August 2020

UK weekly commentary from Awa Brokers covering highlights, what we’re thinking about the markets and what your clients may be asking this week. What we think The Manufacturing and Services PMI indicat

UK Weekly Commentary - 27 July 2020

UK weekly commentary from Awa Brokers covering highlights, what we’re thinking about the markets and what your clients may be asking this week. What we think Despite an increase in mortgage lending, m

UK Weekly Commentary - 20 July 2020

UK weekly commentary from Awa Brokers covering highlights, what we’re thinking about the markets and what your clients may be asking this week. What we think As public sector borrowing rose by 34.8 bi

Comments


bottom of page