UK: Services PMI likely to decline to 50.5 in January - TDS

Analysts at TD Securities are looking for an unwind is the gains seen last month in the UK services sector, with a decline in the January Services PMI to 50.5 (mkt: 51.0).

Key Quotes

“We expect not only Brexit to weigh on sentiment in the month, but also slower European growth, as evidenced in last week's Manufacturing PMI report.”

“Theresa May will deliver a speech on Brexit and the backstop from Northern Ireland.”