DAVY VIEW

Overnight, the Conservative Party signalled that it will help push though Hilary Benn’s bill to extend Article 50 into law – putting the pressure back on Jeremy Corbyn to facilitate an election in mid-October. The Services PMI at 50.6 indicates that the UK economy is on the brink of recession, unlikely to be offset by the extra £9.3bn of spending announced yesterday by Chancellor of the Exchequer Sajid Javid.