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