UK S&P Global Composite PMI improves to 53.1 in October vs. 51.8 expected

The private sector's business activity in the United Kingdom (UK) expanded at its fastest pace in eight months in October, with the S&P Global Composite Purchasing Managers' Index (PMI) rising to 53.1 from 52 in September. This reading came in better than the market expectation of 51.8.