UK interest rates increase expected after services sector activity accelerates
A Guardian article reports that UK services sector growth jumped to an eight-month high in October, with the S&P Global survey showing a rebound in new orders, the first hiring after two years of job cuts, and strength tied to AI and datacentre spending. The Bank of England is expected to raise rates by 0.25 percentage points to 4% on Thursday, after inflation rose to 3.5% in September, and markets anticipate three further increases.
