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Signs of Election Bounce Undermine Case for Immediate BOE Cut

  • Purchasing managers index rises more than expected in January
  • Central bank to annouce interest-rate decision on Jan. 30
The Bank of England.
Photographer: Simon Dawson/Bloomberg
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U.K. economic activity roared back to the highest level since 2018 this month, weakening the case for the imminent Bank of England interest-rate cut that markets continue to price in.