According to Jinshi, Monex Europe predicted in a report that the Bank of England may start cutting interest rates after observing clearer signs of weakness in the labor market. The report pointed out that Tuesday's employment data showed a mixed picture, with unemployment rising but wage growth remaining at a high level. Monex Europe believes that these uncertainties may keep the Bank of England relatively cautious in the coming month, at least until the May wage data is released. If the wage data growth slows down in May, the possibility of a rate cut in August will increase significantly.
