Barclays out with a client note. 5 May 2016
- fall in UK services and composite PMI confirms that the upcoming EU referendum is having a negative impact on UK businesses
- continues to cause delays in spending and investment
- Q1 GDP estimate 0.0% vs Q1 +0.4%
Lo and behold after a rally to 1.4516 guess what? Yep GBPUSD is back down to 1.4483. Got to love the jobbing opportunity on this pair lately.
EURGBP pushing back up to 0.7900 after holding 0.7880.
