UK composite PMI slipped to a three-month low of 52.0 in September, and Nationwide's house-price index showed annual growth halving to 0.8%. Mortgage markets are already pricing in a Bank of England hike ahead of the November 5 decision.
UK services firms lifted selling prices at the fastest pace since May after fuel costs jumped on Middle East disruption, even as activity lost momentum. Source
Catherine Mann wants the Bank of England (BoE) to hike because, in her words, "real financial conditions are not sufficiently tight." Monday's data suggest she may be arguing against an outcome that's already happening.
