- The UK services purchasing managers' index slumped to a record low of 35.7 in March, down from 53.2 in February, according to an initial 'flash' reading from IHS Markit.

The market had been expecting a shallower fall to 45.0.

Manufacturing PMI fell to 48.0 in March, down from 51.7 in February, but ahead of expectations of a fall to 45.1.

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