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GBP: UK car sales decline for eighth month in a row

By Kiran Najran December 6th, 2017

Car sales significantly declined in November, which was the eighth consecutive month of declines. They had been forecast to drop by 4.6%, but they slumped by 11.2% as uncertainty over Brexit continues to affect consumer confidence.

There was more disappointment for UK economic data as the UK service sector PMI fell to 53.8 in November from 55.6 in October. While this does still represent growth, it was expected to increase to 55.9 and, given the recent manufacturing and construction PMI readings , it would have been good to complete the set.

There are no economic releases in the UK today, so attention will turn to Brexit and the US employment figures.

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