>> Re PMI. I doubt the markets are listening to forum opinions.
Nothing to do with forum opinions, why would it?
But company managers are reading the same prognostications of doom manufactured for the media that ignorant forumers and facebookers are regurgitating without understanding. Any tendency for that to make those managers more cautious and to tighten up on cash, with a subsequent reduction in orders and stock, will move the PMI.
>>the markets are now imposing a forced revaluation and there is no UK control of that
There's as much control as there was before. Had there been any, other than to raise rates and further to increase them, the currency would have been lower before the referendum.
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