The rise in the composite activity PMI in October to its highest level since the Iran war started suggests that activity, outside of the retail sector at least, is still pretty good. This will further embolden the Bank of England to raise interest rates from 3.75% to 4.00% at its meeting on 5th November and probably to 4.25% before too long.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
