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Futures
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Hundreds of contracts settled in USDT or BTC
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Alpha Points
New
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New
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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The cooling of the UK labor market increases the possibility of the Bank of England cutting interest rates in August.
Gate News bot news, HSBC analyst Elizabeth Martins said in a report that UK employment data could reverse the situation, favoring a rate cut by the Bank of England in August. Slower wage growth and rising unemployment rates have increased market pricing for this outcome.
Recent policies are likely to send wage growth in the opposite direction: a new payroll tax may reduce wage growth, while an increase in the minimum wage may raise wage growth. The answer seems to be that the Bank of England has been too dovish so far. Even if the May inflation data was weaker than expected, it would not be enough to prompt BoE policymakers to cut interest rates next week.
Source: Jinshi