Morgan Stanley: A slight decrease in UK employment positions in July is unlikely to spark investor confidence in the Bank of England quickly cutting interest rates.

date
13/08/2025
The UK labor market data released on Tuesday showed a slight decrease in employment of 8,000 positions in July. Morgan Stanley's Bruno Scarica stated in a report that these data are unlikely to boost confidence in the Bank of England's rapid interest rate cut. "The spare labor in the UK labor market continues to increase, but at a pace insufficient to shift the focus of the Bank of England from food and general inflation." Data from the London Stock Exchange shows that the market expects a 68% chance of an interest rate cut by the Bank of England in December.