UK S&P Global Composite PMI Final (Mar) 50.3 vs. Exp. 51 (Prev. 53.7)

The final March S&P Global Composite PMI for the UK came in at 50.3, missing the expected 51 and significantly down from the previous 53.7. This decline suggests a contraction in economic activity, which may influence the Bank of England’s policy stance moving forward, particularly regarding interest rates and growth expectations. Overall, this print could weigh on GBP and sentiment around UK growth prospects.