UK S&P Global Services PMI Flash (Jan) 54.3 vs. Exp. 51.7 (Prev. 51.4)
Newsquawk Staff ·
UK S&P Global Services PMI Flash (Jan) 54.3 vs. Exp. 51.7 (Prev. 51.4)
What it means
The UK S&P Global Services PMI Flash for January came in at 54.3, significantly surpassing expectations of 51.7 and up from the previous 51.4. This robust print indicates a strengthening in the services sector, which could influence the Bank of England's policy outlook by suggesting continued economic resilience and potentially supporting higher interest rates ahead.
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