U.K. Services Shrink Most Since 2009 as Confidence Slumps

  • Slump adds to case for Bank of England to ease monetary policy
  • Markit sees increased risk of U.K. sliding into mild recession

U.K. July Services PMI Dips Ahead of BOE's Super Thursday

Britain’s services sector, the largest part of the economy, is shrinking at the fastest pace in seven years, adding weight to arguments for the Bank of England to loosen policy this week.

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