UK January flash services PMI 53.8 vs 53.2 expected ...Middle East

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UK January flash services PMI 53.8 vs 53.2 expected
Prior 53.4Manufacturing PMI 47.3 vs 46.7 expectedPrior 46.2Composite PMI 52.5 vs 52.2 expectedPrior 52.1The pound is getting a slight lift on this report here as it reaffirms a continued bounce in UK economic activity, particularly in services, to start the year. The headline reading is a 9-month high with the manufacturing reading being a 8-month high. Of note, employment conditions are also holding up so that's a positive. In short, that means the BOE is afforded more room to keep rates higher for longer. S&P Global notes that:“UK business activity growth accelerated for a third straight month in January, according to early PMI survey data, marking a promising start to the year. The survey

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