Brief introduction: The governor said that if the job market slows down, the Bank of England could lower interest rates faster.
Good morning, welcome to our coverage of business, financial markets and the world economy.
The governor of the Bank of England said that if the job market slowed down rapidly, the pound had already fallen to a three-week low this morning.
Andrew Bailey Tell era This “slackness” is opening up in the UK economy after increasing employers’ national insurance contributions. This slack should put downward pressure on inflation.
Bailey “I do believe this road is down.” Bank rates are currently at 4.25%, and the next bank is scheduled to set interest rates on August 7 after cutting a quarter of last year,
Bailey additional:
“If we see slack opening faster, that will lead us to different conclusions.”
“I think this road [for interest rates] decline. I do believe this path is downward, but we continue to use the term “gradual and cautious” because… someone said to me, “Why do you want to cut when the target of inflation is above the target?”
Governor Bailey It also pointed out that Rachel Reeves decided to tax employers, saying the company was:
“Adjusting employment and working hours and increasing wages may be less than when Nice changes were not happening.”
Last week, the guardian revealed The National Trust will cut at least 550 jobs to save £26 million after Reeves’ debut budget drove labor costs.
Hotel company owns repeatedly warn Higher NICs will force them to lay off employees.
Indeed, new data this morning suggests that the number of people looking for jobs has soared at the fastest pace since the common pandemic.
The following Bailey’s Lower tips, pounds fell 0.2% this morning to $1.3467.
This is the lowest level since June 23 three weeks ago, expanding the recent losses.
Key Events
Markets raise expectations for lower interest rates in August
According to the latest city pricing, the Bank of England is more likely to see a lower interest rate next month.
The money market shows that 85% of banks are now cutting interest rates at their next meeting on August 7, up from 76% last weekend.
This is the General Boe Andrew Bailey’s Recommended if the job market shows signs of a significant slowdownSee the open post).
The city is expected to lower its bank interest rates by a quarter, reducing bank interest rates from 4.25% to 4%.
Victorian scholar, Investment person in charge Interactive investors, It is noted that the next UK inflation report (Wednesday) will also be crucial:
scholar Write:
Disappointing GDP figures on Friday, coupled with these weak working numbers, added to the Bank of England’s case of lowering interest rates in August. Central Bank Governor Andrew Bailey told The Times that he believes “the road is a drop” interest rate.
All eyes are on Wednesday’s inflation report, and CPI is expected to remain around 3.4% in June, about unchanged for the third straight month. ”
The UK’s major stock market indexes are shaking off the shock of the trade war.
this ftse 100 The stock index rose 15 points, or 0.18%, to 8,956 points last week.
European markets are less open after Trump’s tariff threat
Donald Trump this morning’s threat of 30% of EU imports will weigh on the European stock market next month.
Most European markets fell at the beginning of trading, driving pan-European Stoxx 600 The index fell by 0.6%.
Germany’s Dax Has dropped by 0.95% while France’s CAC 40 Lossed 0.8% in Italy ftse MIB Index is almost 0.9% lower, Spain’s index IBEX 0.7% difference.
Investors will assess opportunities for the two sides to reach an agreement by August 1, noting EU Trade Specialist Maroššefčovič Impressed that both sides are achieving good results (See 8.06 am).
Richard Hunter, Marketing person Interactive investors, Trump’s tariff threat “showed no signs” and added:
Inadvertently or otherwise performed the president is testing the market for patience. As investors seem to throw the possibility of a basic tariff at 10%, the new statement suggests that the level between 15% and 20% is the norm, with an additional punitive figure for Canada and others increasing by another 35%, adding uncertainty.
The so-called “taccharide” trade So, testing will be conducted again, with the market drifting in the U.S. on Friday, and the current future indicates a similar decline today. Additionally, as the new August 1 extension approaches, nerves are likely to be bound.
The pound fell against the dollar – now it has fallen almost half at $1.3457 (still a three-week low).
Mohit Kumare by Jefferies Bank of England Governor Andrew Bailey “stands on the dirty side” in an interview with The Times, “hints that the road to interest rates is downward.”
The EU and the United States have reached a good trade agreement.
EU Trade Specialist Maroššefčovič The European Union and the United States have achieved good results in their trade negotiations.
although Donald trump card Announced 30% tariffs on EU exports on Saturday, šefčovič This morning he made an optimistic tone and said:
“The feeling around us is that we are very close to the agreement.”
šefčovič It also warns that the 30% tariff Trump threatens to threat will actually eliminate trade, Reuters report. He met in Brussels to discuss the situation.
Some economists also believe that the United States and the EU will reach an agreement
Mohit Kumar Investment Banking Jefferies explain:
We believe that the 30% tariff announcement is the opening ceremony, and the final tariff may be reduced in the range of 10-15%. Announcement of higher tariffs is a negotiating strategy that should encourage the EU and other countries to reach a deal quickly.
However, the recent tariff announcement issued last week also highlighted the uncertainty of tariffs, which may have raised a gap.
Trade data released this morning showed that China’s exports regained its momentum in June.
China’s exports in June rose 5.8% from a year ago, while imports rose 1.1% while imports rose 1.1%, according to customs headquarters.
U.S. shipments fell 16.1% from the same period last year, down from the 34% fall recorded in May. This could indicate that Washington and Beijing’s trade agreements in Geneva and London helped trade flows this year.
At present, there is no sign that China’s export royal family hits the wall. Data just released in June showed that the sharp drop in U.S. exports in June continued to spread overall exports.
If you are interested in the details of all the data you just posted, and a lot of… pic.twitter.com/6ysksuetrf
– East Asia Econ (@eastasiaecon) July 14, 2025
Bitcoin height exceeds $120,000
Bitcoin has risen to a new record this morning, for the first time $120,000 has been cleared.
The world’s largest cryptocurrency is now trading at $122,571, due to interest in institutional investors and Trump’s White House’s pro-Cretto atmosphere. It has risen 30% so far this year (about 1200% in the last five years).
Tony Nekamoremarket analyst IG, The report said that money has been pouring into exchange-traded funds that can reach Bitcoin and explained:
Its earnings are driven by strong inflows including BlackRock’s Bitcoin ETF iBIT, which now manages $84 billion in FUM (managed funds) after receiving $1.7 billion inflows last week.
Ipek Ozkardeskayasenior analyst Swiss bank, Showing that Bitcoin is “returning to too much territory now”, which could mean it can be restored to the $105k range of $110,000, and adds:
Nevertheless, the rally was supported by the foundations of crypto-friendly U.S. policy shifts and emerging market adoption – both remain the same.
European stock markets are expected to be even lower in Donald Trump’s 30% tariff on EU imports.
this Eurostoxx 50 The index of large European companies fell by 0.72% in futures trading, while Dax Futures (Germany stocks) fell 0.84%, according to Reuters.
Donald Trump announced that goods imported from the EU will face a 30% U.S. tariff rate starting August 1, and is also weakening the euro this morning.
Trump’s The latest trade war bombshell disappointed the EU as the two sides had been in talks for weeks. Europe once hoped trump card A bare bone deal similar to the UK agreement will be agreed, which will reduce tariffs on car exports and steel.
But instead, the U.S. president decided to impose higher costs on U.S. importers who purchased goods from the EU.
In response, the EU has decided to once again postpone its retaliatory tariffs on U.S. exports,
European Commission president Ursula von der Leyen Yesterday said:
“Unless there is a negotiated solution, the United States has sent us a letter that will take effect, so we will also extend the suspension of countermeasures until early August.
“At the same time, we will continue to prepare for countermeasures so that we can be fully prepared for us.”
Given Trump’s history, planned August tariffs cannot be guaranteed…
This may be why the market has been unpleasant so far, with the euro falling 0.17% to $1.1669.
Brief introduction: The governor said that if the job market slows down, the Bank of England could lower interest rates faster.
Good morning, welcome to our coverage of business, financial markets and the world economy.
The governor of the Bank of England said that if the job market slowed down rapidly, the pound had already fallen to a three-week low this morning.
Andrew Bailey Tell era This “slackness” is opening up in the UK economy after increasing employers’ national insurance contributions. This slack should put downward pressure on inflation.
Bailey “I do believe this road is down.” Bank rates are currently at 4.25%, and the next bank is scheduled to set interest rates on August 7 after cutting a quarter of last year,
Bailey additional:
“If we see slack opening faster, that will lead us to different conclusions.”
“I think this road [for interest rates] decline. I do believe this path is downward, but we continue to use the term “gradual and cautious” because… someone said to me, “Why do you want to cut when the target of inflation is above the target?”
Governor Bailey It also pointed out that Rachel Reeves decided to tax employers, saying the company was:
“Adjusting employment and working hours and increasing wages may be less than when Nice changes were not happening.”
Last week, the guardian revealed The National Trust will cut at least 550 jobs to save £26 million after Reeves’ debut budget drove labor costs.
Hotel company owns repeatedly warn Higher NICs will force them to lay off employees.
Indeed, new data this morning suggests that the number of people looking for jobs has soared at the fastest pace since the common pandemic.
The following Bailey’s Lower tips, pounds fell 0.2% this morning to $1.3467.
This is the lowest level since June 23 three weeks ago, expanding the recent losses.
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A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
