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Following Thursday's UK Services PMI,.......>

UK VIEW
UK VIEW: Following Thursday's UK Services PMI, Barclays noted that "the service
sector failed to rebound convincingly after weather disruptions in March as
corporate retrenchment added to households' unwillingness to spend. Structural
weakening in the service sector adds to cyclical cooling in manufacturing and
points to growth being materially lower than expected by the Bank. Accordingly,
we call off our forecast of an interest hike at the May MPC next week and now
expect Bank rate to remain unchanged over the forecast horizon."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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