The latest survey of the Bank of England's policymakers showed inflation pressures easing, increasing the chances of an August rate cut

According to Jinshi, the latest survey of the Bank of England's policymakers' group, which is closely watched by members of the Bank of England's Monetary Policy Committee, confirmed that inflationary pressures are easing, which increases the possibility of an interest rate cut in August. UK 1-year inflation expectations fell 0.1 percentage points to 2.8%, pulling the 3-month average from 3% to 2.9%. Expected wage growth fell from 4.1% to 4%, a new low in the cycle, bringing the 3-month average down 0.3 percentage points to 4.2%. The report further increases the risk that the comments of Bank of England policymakers will tend to be dovish, putting pressure on the pound.