Institution: Bank of England hints at possible rate cut in August.

Tickmill Group analyst Patrick Munnelly said in a report that the Bank of England may hint at a possible rate cut in August in the upcoming rate decision announcement. The latest data shows a weak UK labor market and easing inflation, raising doubts about the prospects for the Bank of England. However, he mentioned that the ongoing conflict in the Middle East, which has led to an increase in energy prices, could reduce the likelihood of a rate cut in August. The market generally expects the Bank of England to keep the interest rate unchanged at 4.25% in today's statement.