020 7898 0500The headline economic data release from the UK yesterday was manufacturing PMI for September. From 53 in August, economists had expected a dip to 52.5, but it actually climbed to 53.8. Output and new orders grew strongly, which is being at least partly attributed to a weaker pound.
The only major economic data release today is Nationwide housing prices for September. Prices are expected to fall a little from the month before, but the truth is that the headlines will be dominated by what is said at the Tory conference. The government appears to be divided at the moment. What could have proved an opportunity to find some common ground might actually prove to be the opposite.
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