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Steady growth continues in UK services sector

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Britain’s services sector kept up its steady growth in September but uncertainty about the economy remained high six months ahead of Brexit, a business survey showed on Wednesday.

The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) slipped to 53.9 from 54.3 in August, broadly in line with the median forecast of a Reuters poll of economists that had pointed to a reading of 54.0.

The survey suggested Britain’s economy grew at a quarterly rate of just under 0.4 percent during over the July-September period, data company IHS Markit said — its average growth rate since the Brexit referendum of June 2016.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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