Pantheon Macroeconomics - The pick-up in the Markit/CIPS services PMI to an eight-month high of 55.1 in June, from 54.0 in May, has provided another boost to expectations that the MPC will raise Bank Rate at its next meeting on August 2.

U.K. | 5 July 2018 Beware Inferring Too Much From June's Slightly Stronger PMIs
The pick-up in the Markit/CIPS services PMI to an eight-month high of 55.1 in June, from 54.0 in May, has provided another boost to expectations that the MPC will raise Bank Rate at its next meeting on August 2.

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5 July 2018 Beware Inferring Too Much From June's Slightly Stronger PMIs

By Samuel Tombs

The pick-up in the Markit/CIPS services PMI to an eight-month high of 55.1 in June, from 54.0 in May, has provided another boost to expectations that the MPC will raise Bank Rate at its next meeting on August 2.

Posted: 4th Jul 2018 in 'U.K.'

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