9:50 AM · 23 April 2020

BREAKING: Yet another terrible PMI data - this time from the UK!

As investors might have spotted, another PMI reading from Europe indicates a gigantic slump. British PMI data turned out be far worse than expected. Services PMI plunged to 12.3 pts. (expected: 29.0 pts) while Manufacturing PMI stood at 32.9 pts (expected: 42.0 pts). These are enormous declines compared to the previous month (34.5 pts and 47.8 pkts respectively).

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