UK PMI composite falls to 51, raises pressure on BoE to turn dovish

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UK business activity weakened sharply in September, with the flash composite PMI dropping from 53.5 to 51.0, a 4-month low. Manufacturing fell further into contraction from 47.0 to 46.2. Services slipped from 54.2 to 51.9, pointing to a broad loss of momentum across sectors. S&P Global’s Chris Williamson described the report as a “litany of […]The post UK PMI composite falls to 51, raises pressure on BoE to turn dovish appeared first on Action Forex.