UK Flash Composite PMI (Jan) 53.4 vs. Exp. 55.0 (Prev. 53.6)

• "Many business and financial services companies have meanwhile been far less affected by Omicron, and saw business growth accelerate at the start of the year."
• "Business confidence in the outlook also picked up, driving sustained solid jobs growth. With inflationary pressures remaining elevated at near-record levels, this all adds to the likelihood of the Bank of England hiking interest rates again at its upcoming meeting.”

via IHS