According to Jinshi, the Bank of England's chief economist, Peel, said that the Monetary Policy Committee is paying attention to the persistence of inflation, and some indicators show the risk of inflation rising. He said that rising prices in the service industry and wage growth continue to show that the underlying inflation dynamics are showing a disturbingly strong trend. Subsequently, traders reduced their bets on the Bank of England to cut interest rates, and traders believed that the probability of a rate cut in August was less than 50%. The pound rose 30 points against the US dollar in the short term, up 0.3% to 1.2830, and the euro fell 0.3% against the pound to 0.8436, the lowest level since June 26.