
UK Labor Market Weakens, BoE Rate Cut Bets Build as Sterling Dips
Green’s comments reinforced expectations that there may not be a rate cut this year. Economists downplay prospects of Q4 BoE rate cut Ahead of today’s labor market data, ING economists shrugged off expectations of a BOE rate cut in November, saying: “We no longer expect another Bank of England rate cut this year, although low…