UK: Manufacturing and construction PMIs are the focus this week - BBH

Research Team at BBH, suggests that the survey data in the UK is running ahead--and to the downside--of the actual economic data. 

Key Quotes

“The manufacturing and construction PMIs are the focus this week.  Both are expected to remain below the 50 boom/bust level, but less so than in July.  A new headwind may emerge in the form high bond yields, despite BOE weekly purchases, if rising US yields pull other yields higher too. In the current environment, we suspect that a strong US dollar environment may correspond to firm sterling against the euro.”