- The Bank of England will announce its latest interest rate decision at noon and reveal whether it has made changes to its bond-selling programme.
- UK labour market conditions are weak: payrolled employment is falling, wage growth is negative in real terms, and job vacancies are at a multi-year low.
- July UK growth was stronger than expected, driven by AI capex, while construction and manufacturing contracted last month.
Quotes
“The UK central bank will announce its latest interest rate decision at noon, and also reveal whether it has made any changes to its bond-selling programme.”
“The labour market is weak, payrolled employment is falling, wage growth is negative in real terms and job vacancies are also at a multi-year low.”