S&P Global reported that the UK flash composite PMI rose to 53.1 in October from 52.0 in September, its strongest pace since February. New orders and employment improved, including the first rise in staffing since changes to employer payroll taxation in 2024, while input costs remained elevated.
UK business activity reportedly reached an eight-month high in October as the Composite Purchasing Managers' Index (PMI) rose to 53.1, signalling stronger private-sector expansion. The improvement suggests greater economic resilience despite ongoing InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More and borrowing cost pressures. Investors are monitoring business confidence, employment trends and Bank of England Interest rateThe price of borrowing money, set or influenced by central banks. Differences in expected interest rates are a major driver of currency demand.Read More expectations for their potential impact on SterlingSterling is a common name for the British pound, whose currency code is GBP. In market commentary, 'sterling' and 'the pound' generally refer to the same cur...Read More and UK markets.
