What analysts are saying about the UK's latest awful post-Brexit economic data

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trader brexit pain

Reuters/Russell Boyce

Analysts are, understandably, reacting with some trepidation to the news on Wednesday morning that Britain's services sector - which accounts for almost 80% of GDP - saw output and new business fall at the fastest rate in more than seven years in July, following the UK's vote to leave the European Union.

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The release was just the latest of a host of economic surveys, data, and sentiment indexes to suggest that post-Brexit Britain is heading pretty rapidly towards a recession. Obviously, nothing is guaranteed, and these data points are just early indicators, but as its stands, things are looking bleak for the British economy.

We've rounded up the best comments we've seen in the aftermath of the Markit release on Wednesday morning, along with some of their top charts. The reactions are almost universally downbeat, although the odd economist lets a glimmer of optimism creep into their analysis.

Take a look below.