The Bank of England is split ahead of its September 17 decision. UK services activity hit a four-month high, construction extended a 20-month contraction, and headline inflation rose to 2.9% on energy costs. The case for either a hike or a hold just got harder to make.
Julian Jessop says August’s 52.5 composite PMI still points to decent Q3 GDP, even as private-sector cost burdens accelerated and firms kept shedding jobs. Source
