UK S&P Global Composite PMI Flash (Sep) 51.7 vs. Exp. 52 (Prev. 52.5)

"September is seeing a worrying combination of disappointingly sluggish economic growth and intensifying inflationary pressures". "Output growth across the manufacturing and services PMI surveys has slowed to a pace consistent with the economy growing at a mere 0.1% quarterly rate." "While the upturn in the survey’s price gauges suggest the Bank of England looks likely to keep a hawkish bias, the worryingly lacklustre pace of business growth underscores the risk to the economy from higher borrowing costs.”