Economy and macroUpdated 2h ago

UK data may boost Bank of England hike expectations.

Britain’s next inflation and jobs readings are due in the coming days, and forecasts are already sketching the picture the Bank of England may face: inflation accelerating to 3.6%, a one-year high, while unemployment holds at 4.7%. If the data land near those estimates, they could strengthen expectations of another rate rise in December. That would mean prices running hotter while the jobs market appears steady—a combination that gives the rate debate fresh weight before the readings arrive.

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