According to Jinshi Data, Luke Bartholomew, senior economist at investment company Abrdn, said that after the release of June inflation data, the Bank of England's August interest rate decision faces major challenges. The Bank of England will almost certainly pay attention to dynamic factors such as the growth of hotel prices, but the continued rise in service industry inflation will make it worry about whether the inflation target can be maintained at 2%. Abrdn expects an interest rate cut in August, but this requires Thursday's employment data to show a slowdown in wage growth.