UK builders most optimistic in two years on rate cut hopes: PMI

LONDON  – British construction firms turned their most optimistic in two years as the prospect of interest rate cuts raised hopes of a turnaround in the sector, a survey showed on Tuesday. The S&P Global/CIPS UK Purchasing Managers’ Index’s headline measure of the construction industry improved to 48.8 in January from 46.8 in December, its
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