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Nick Beecroft
Chairman of Saxo Capital Markets Nick Beecroft brings us his regular update from London. Nick talks us through his trading strategy for sterling and why he believes in his bold claim that the FTSE 100 will hit 8000 before the end of the year.
Squawk / 01 May 2014 at 8:35 GMT
Head of Macro Strategy / Saxo Bank
Denmark
UK PMI manufacturing surges in April:

Markit's April report on PMI manufacturing shows an increase in the headline index to 57.3 while analysts had expected 55.4. Furthermore, March's figure was revised up to 55.8 from 55.3.

Both the services and construction indices, which will be released next week, are also at high levels suggesting that growth in the UK economy is broad-based and not just due to one sector. The UK economy is expected to grow around 2.8 percent this year after an increase in out put of 1.7 percent last year.

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