Lates News

Tickmill Group analyst Patrick Munnelly stated in a report that the Bank of England may hint at a rate cut in August in the upcoming rate decision. The latest data shows that the UK labor market is weak and inflation has eased, raising doubts about the Bank of England's outlook. However, he mentioned that the rise in energy prices due to ongoing conflicts in the Middle East has reduced 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.