Eurozone PMI Falls to 48.6, Pound Slides

Eurozone composite PMI fell to 48.6 in April, its lowest in 17 months, indicating a 0.1% quarterly GDP contraction.
GBP/USD slipped 0.13% to 1.3491, while EUR/USD fell 0.12% to 1.1692, reflecting weakened sterling and euro against the dollar.
UK composite PMI rose to 52.0, with manufacturing hitting a 47‑month high of 53.6, but input‑cost inflation surged to a 30‑year peak.
Central banks likely to hold rates next week as BoE and ECB face inflation‑growth trade‑off amid rising fuel costs from Hormuz crisis.