UK S&P Global Services PMI Final (Jun) 48.8 vs. Exp. 48.7 (Prev. 49.3)

"June data confirmed a clear loss of momentum for the UK economy during the second quarter of 2026, following a positive start to the year".  "Strong cost pressures, lacklustre demand and business uncertainties arising from the Middle East conflict were the most prominent themes highlighted by service sector firms in June". "There was better news on the inflation front, as the latest increase in input prices was the slowest since March and well below April's recent peak. This was largely due to lower fuel prices, but there were still many reports of suppliers passing on higher transport, wage and raw material costs in June".