UK S&P Global Services PMI Flash (Feb) 53.9 vs. Exp. 53.5 (Prev. 54.0, Low. 52.8, High. 54.2)
The UK S&P Global Services PMI for February came in at 53.9, slightly above expectations of 53.5 but down from the previous month's 54.0.
[MARKET ANALYSIS] Crude trades slightly softer but near this week's highs as focus remains on US and Iran
[MARKET ANALYSIS] Precious metals maintain their shine amid geopolitical uncertainty
UK S&P Global Services PMI Flash (Feb) 53.9 vs. Exp. 53.5 (Prev. 54.0, Low. 52.8, High. 54.2)
EU HCOB Manufacturing PMI Flash (Feb) 50.8 vs. Exp. 50 (Prev. 49.5, Low. 49.4, High. 50.5)
EU HCOB Services PMI Flash (Feb) 51.8 vs. Exp. 51.9 (Prev. 51.6, Low. 51.4, High. 52.3)
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This marginal beat suggests resilient service sector activity, which could stabilize market sentiment toward the GBP and suggests no immediate need for aggressive monetary policy changes from the BoE, reinforcing the mixed growth-inflation outlook.
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