September 23, 2024 08:25 GMT
UK DATA: Flash PMI due at 9:30BST
UK DATA
- The UK flash PMI is due for release at 9:30BST.
- After this morning's big misses across France, Germany and the Eurozone expectations are probably below the Bloomberg survey numnbers of 52.2 for manufacturing, 53.5 for services and 53.5 for composite.
- Furthermore, GfK UK consumer confidence fell back last week as concerns surrounding the upcoming Budget start to hit sentiment - so there is downside from this if it is hitting firms too.
- In terms of specific subcomponents, any updates on cost passthrough will still be closely watched by the MPC.
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