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πŸ‡¬πŸ‡§ UK services snapped back to 52.7 in April. The inflation underneath is the BoE's problem.

πŸ‡¬πŸ‡§ UK services snapped back to 52.7 in April. The inflation underneath is the BoE's problem.

UK Services PMI hit 52.7 in April (flash: 52.0, March: 50.5), lifting the Composite to 52.6. Input cost inflation ran at its fastest since November 2022, and markets have trimmed BoE cut expectations to 49bps through year-end.

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