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Breaking Posted 10 hours ago

UK Services PMI hits weakest level since January 2023

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S&P Global's UK Services PMI fell to its lowest reading in nearly two years, signaling cooling economic momentum in Britain's largest sector. The weak print raises recession concerns and pressures GBP/USD and EUR/GBP as investors reduce sterling exposure and price in lower BoE rate expectations.
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6 hours ago

FTSE Lower As U.K. Services Contraction Deepens

U.K. stocks fell Friday as services PMI data showed continued contraction in the nation's services sector, prompting cautious investor moves. Weak U.K. economic data pressures GBP lower against safe-haven currencies and signals reduced rate-hike expectations from the Bank of England, affecting GBP/USD and EUR/GBP.

https://www.nasdaq.com/articles/ftse-modestly-lower-weak-data-weighs
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