{"id":106101,"date":"2020-10-23T19:34:11","date_gmt":"2020-10-23T18:34:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106101"},"modified":"2020-10-26T06:43:17","modified_gmt":"2020-10-26T06:43:17","slug":"104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\/","title":{"rendered":"GBP: PMIs Point to Q4 Slowdown, Brexit Talks Continue"},"content":{"rendered":"<ul>\n<li><strong>UK PMIs in expansion territory, service sector slows.<\/strong><\/li>\n<li><strong>Brexit optimism as talks resume.<\/strong><\/li>\n<li><strong>GBP\/USD presses against 1.3100<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">October UK PMIs revealed a steep slowdown in business activity compared to the previous months as the service sector contribution slowed dramatically. While all three PMI readings show the economy expanding, this was thanks in part to rising exports\u00a0 as overseas customers sought to secure orders prior to any Brexit disruption. IHS Markit\u2019s chief business economist Chris Williamson expects the UK economy to expand in Q4, but at a significantly slower rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Optimism is growing that the EU and UK can reach a post-Brexit trade deal in the coming weeks as both sides return to the negotiating table. Talks will intensify, continuing over the weekend and into next week and beyond. Both sides are suggesting that compromises could be coming to seal a deal\/Separately, Oxford University\u2019s vaccine trials are showing positive results. A report by the University of Bristol revealed that the vaccine \u2018successfully produces a strong immune response\u2019. The British government has already purchased 60 million doses of the Oxford University\/AstraZeneca drug which could be available for the vulnerable by the end of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD pushed back above 1.3100 in early trade. However, it is now edging lower. Brexit continues to drive the pair, in addition to US stimulus talks which are adding volatility to the US dollar. So far, there is no new stimulus deal. Reports suggest one is coming but it may not be before the November 3 presidential election. Brexit trade talks and US stimulus discussions are serious fundamental drivers, so caution is warranted when trading GBP\/USD.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK PMIs in expansion territory, service sector slows. Brexit optimism as talks resume. GBP\/USD presses against 1.3100 October UK PMIs revealed a steep slowdown in business activity compared to the previous months as the service sector contribution slowed dramatically. While all three PMI readings show the economy expanding, this was thanks in part to rising [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[3337,1888,1398],"class_list":{"0":"post-106101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbd","10":"tag-gbp-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP: PMIs Point to Q4 Slowdown, Brexit Talks Continue - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP: PMIs Point to Q4 Slowdown, Brexit Talks Continue\",\"datePublished\":\"2020-10-23T18:34:11+00:00\",\"dateModified\":\"2020-10-26T06:43:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/\"},\"wordCount\":281,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/pounds-brexit.jpg\",\"keywords\":[\"GBD\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104629-gbp-pmis-point-to-q4-slowdown-brexit-talks-continue\\\/\",\"name\":\"GBP: PMIs Point to Q4 Slowdown, Brexit Talks Continue - 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