Institution: British employment data is unlikely to lead to the Bank of England cutting interest rates faster.

The UK labour market data released on Tuesday showed a slight decrease in employment in July, with a reduction of 8,000 people. Analyst Bruna Skarica of Morgan Stanley stated in a report that these data are unlikely to inspire confidence in a rapid interest rate cut by the Bank of England. "The slack in the UK labour market continues to increase, but at a pace that will not shift the Bank of England's focus away from food and overall inflation." LSEG Data shows that the market expects a 68% chance of a rate cut by the Bank of England in December.