Traders Boost BOR Easing Bets as UK Jobs Market Weakens
Market Intelligence Analysis
AI-PoweredTraders are increasing bets on further interest-rate cuts from the Bank of England due to a weakening UK jobs market, with unemployment reaching a five-year high and wage growth easing.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
A cooling labour market prompted traders to increase their bets on further interest-rate cuts from the Bank of England after UK unemployment climbed to a five-year high and wage growth eased. Bloomberg Markets Today Editor Kit Rees discusses on "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)
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