UK rate cut pushed to September? | FxPlew | 15 May 2024

Inflation and wages could cause a delay in a rate cut
The April employment report published yesterday provided mixed signals to the Bank of England as it prepares to lower interest rates from a sixteen-year high.
The number of people claiming unemployment support rose to 8.9k from a downwardly revised fall of 2.1k in March. However, average earnings increased by 5.7. This was unchanged from the March figure, which was revised up from 5.6%.
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[@nicksmith2911]

Conveniently , rate cuts to coincide with the presidential election date November 5th. IMO.