Investors are preparing for the publication of macroeconomic data next week. The June unemployment rate may increase from 4.4% to 4.5%, with employment falling by 35.000 and the dynamics of average wages, including bonuses, from 5.7% to 4.5%, showing signs of a cooling labor market. In July, the consumer price index, according to preliminary estimates, will adjust from 2.0% to 2.3% YoY, and the core indicator from 3.5% to 3.4%, in line with the Bank of England’s calculations, as a result of which the regulator’s officials will continue the cycle of interest rate cuts.
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