![PMIs Below Expectations in Europe and the UK](/sites/default/files/styles/teaser_image_max715/public/2023-07/24_2023_07_24_%20Blog_Teaser.jpg.webp?itok=bqwor05o)
PMIs below expectations in Europe and the UK
Felipe Villarroel looks at the preliminary numbers for July PMI Manufacturing and PMI Services data, and how from a markets point of view, he thinks volatility will remain in place while both rates and spreads should trade in a range as we await for more clarity on whether inflation will allow Central Banks to pause and the extent of the slowdown in H2, particularly considering August is looming.