According to CoinMeta, the UK's service sector index in August was 52.8, exceeding the expected 51.8. S&P Global Economics' chief business economist stated that the UK economy accelerated in August, with an estimated economic growth of around 0.3% for the third quarter. Economic expansion was driven by sunny weather and technology investment, but manufacturing growth slowed down, reflecting a alleviation of concerns about the economic impact of the Middle East wars. Business confidence has reached its highest level since the start of the wars, and layoffs have also been slowing down. However, he pointed out that concerns regarding the Middle East situation and domestic government policies still have a negative impact on the economy, with high cost pressures due mainly to energy prices, supply disruptions related to conflicts in the Middle East, and high labor costs. The data suggests that the Bank of England may maintain a hawkish stance, but will be cautious and not raise interest rates until the trends of growth and inflation become clearer.