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(Repeat) Following Thursday's UK Services...>

UK VIEW
UK VIEW: (Repeat) 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."

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