UK PMI data shows robust growth, easing inflation opens door for BoE rate cuts

UK’s PMI data for August showed positive momentum across both the manufacturing and services sectors. PMI Manufacturing edged up from 52.1 to 52.5, surpassing expectations of 52.2 and marking a 26-month high. PMI Services also rose from 52.5 to 53.3, above the expected 52.8. This led to PMI Composite increase from 52.8 to 53.4. Chris […]

The post UK PMI data shows robust growth, easing inflation opens door for BoE rate cuts appeared first on Action Forex.