Last week the Bank of England moved closer to cutting interest rates, but markets are divided on whether a first cut will come at the bank’s next meeting in June or whether policymakers will hold out for longer.
Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20.
The first of the two jobs reports on Tuesday will be closely watched for signs that pay increases are fueling price pressures. Annual pay growth is still running hot, while labor supply is stagnating.
Two official sets of employment data and two rounds of inflation figures are due before the BoE’s next meeting on June 20.
The first of the two jobs reports on Tuesday will be closely watched for signs that pay increases are fueling price pressures. Annual pay growth is still running hot, while labor supply is stagnating.
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