UK Economic Update – 08 February 2015
UK equity markets rally on oil rebound as PMI surveys top estimates
The FTSE 100 rallied by 150 points on Monday last week as oil prices underwent a rapid rebound off the back of the announcement of another large round of rig closures in the US. This boosted oil shares listed in London, lending support to an overall index that had previously been treading water slightly off from last year’s highs.
In addition to higher oil, UK PMI surveys all topped estimates during the […]