Traders now see the next rate cut for the BoE in September vs November before jobs data

The UK rate futures now price in 46 bps of easing for the BoE in 2025 vs 39 bps before the labour market report. The jobs report showed the largest monthly drop in payrolls since May 2020 and we’ve also got an easing in wage growth. All things that would keep the doves at the BoE confident on delivering rate cuts every quarter.

This article was written by Giuseppe Dellamotta at www.forexlive.com.