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September 2015

UK Services Sector Survey Proves Disappointing

Published: Thursday 03 September 2015

Key points today include a disappointing UK Services sector survey this morning, posting the weakest number since May 2013. The European Central Bank have maintained their interest rates at 0.5% and -0.2% on overnight deposits. They are also maintaining their QE program. During the following press conference, European Central Bank (ECB) president Mario Draghi said that the Eurozone may experience deflation in the coming months and that the ECB will take any necessary action with their monetary policy. These remarks have seen the Euro weaken this afternoon.