Services PMI Strong

pmi-services-jump

The pound has jumped again on the back of strong numbers from the services sector. When the jobs data came in strong last month Remainers said that manufacturing was cratering and that would translate into job losses later. Then when the manufacturing PMI came in strong the Remainers said that it was actually services that were being hammered. This morning saw the biggest jump in the PMI services number on record…

So Remainers are running out of bad news. We have gone from the Brexit vote leading to a “global economic shock” requiring an emergency budget to “it is too soon to tell”, “Brexit hasn’t happened yet”. Yet when stocks went down (they are now higher) it was immediate evidence, when the pound went down it too was immediate evidence. These moves were all based on expectations conditioned by politicians and economists who have been proved wrong as the economic data comes in. Every new data point proves them demonstrably wrong.

And what about the 71% of City economists who predicted a recession this year? Not one has taken up Guido’s offer of a £1,000 bet…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jean-Claude Juncker speaking to the Irish Dáil on his preference for drunkeness…

“I have difficulty walking. I am not drunk. I have sciatica. I would prefer to be drunk.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Riot Convicted Bastani on “Public Nuisance” Riot Convicted Bastani on “Public Nuisance”
May Considers Asking to Stay in Single Market for Goods May Considers Asking to Stay in Single Market for Goods
Smith Must Hold Firm Against Grieve Smith Must Hold Firm Against Grieve
Eurotunnel: Don’t Buy Border Scaremongering Eurotunnel: Don’t Buy Border Scaremongering
Shouty Cracker Lord Moat’s Mask Slips Shouty Cracker Lord Moat’s Mask Slips
How Dominic Cummings Cost Taxpayers £20 Billion How Dominic Cummings Cost Taxpayers £20 Billion
Banks Legals Verhofstadt Over Putin Tweet Banks Legals Verhofstadt Over Putin Tweet
Hypocrisy of Chuka Hypocrisy of Chuka
Daily Brexit? Daily Brexit?
Farage vs Verhofstadt Farage vs Verhofstadt
WATCH: Andrea Jenkyns Takes on Remain Protesters WATCH: Andrea Jenkyns Takes on Remain Protesters
Philip Lee Resigns Philip Lee Resigns
Penka Saved Penka Saved
Guy News Special Report : Remain Campaign Cheating Guy News Special Report : Remain Campaign Cheating
No 10 Call DD Stupid No 10 Call DD Stupid
Government Remainers Mock DD for Crying Wolf Government Remainers Mock DD for Crying Wolf
How Brexiteers Lost Control of Brexit How Brexiteers Lost Control of Brexit
Corbyn Backs Free Movement Corbyn Backs Free Movement
Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’ Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’