Edge and Odds

The enemy of knowledge is not ignorance, it’s the illusion of knowledge (Stephen Hawking)

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so (Mark Twain)

Edge and Odds

Invest with smart knowledge and objective odds

UK FLASH PMI SINKS

  • Flash UK PMI Composite Output Index at 47.7 (52.4 in June). 87-month low.
  • Flash UK Services PMI Activity Index at 47.4 (52.3 in June). 88-month low.
  • Flash UK Manufacturing PMI at 49.1 (52.1 in June). 41-month low.
  • Flash UK Manufacturing PMI Output Index at 49.1 (52.9 in June). 40-month low.

The Composite Output and the Composite New Orders indices fell by 4.7 and 6.8 points respectively since June, the steepest drops registered in the series histories. The 10.4 point decline in the Services Business Expectations Index was also the largest on record. (…)

However, new export business rose for the second straight month and to the greatest extent for almost two years. This was mainly linked to the sharp drop in the sterling exchange rate. (…)

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