Brexit fears impending on UK growth - Scotiabank

Analysts at Scotiabank explained that UK Markit/CIPS services and composite PMI data came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively.

Key Quotes:

"Slower growth signals suggest the impending referendum is impinging on activity somewhat. The GBP has lost ground to the generally stronger USD this morning but the data has not prevented the GBP picking up modest ground against the EUR."