🇬🇧 UK services tip into contraction and inflation re-accelerates, leaving the BoE without a clean move Home Tags The day in view 🇬🇧 UK services tip into contraction and inflation re-accelerates, leaving the BoE without a clean move Macro Soup Newsroom June 22, 2026 3 min read Share on X Share on Facebook Share on LinkedIn Share on Pinterest Email Copy link UK flash composite PMI fell to 49.7 in June, with the services index contracting to 49.3, while services CPI re-accelerated to 3.7%. Two MPC members already voted to hike at the June meeting. The BoE has no clean move here. Read next Featured Post The week in view 📰 Weekly Macro Roundup: 2026-11-07 Paid Post The week in view 🇨🇳 Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares
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