UK services activity hit a four-month high in August at 52.5, even as construction contracted for a 20th straight month at 44.3. Bank of England chief economist Huw Pill pushed for a hike to 4% as 30-year gilt yields hit 5.92%, the highest level since 1998.
S&P Global UK Construction PMI slipped to 44.3 in August, a twentieth consecutive month below 50. Source
