Bank of England MPC member Mann said she is prepared to take “active” rate hikes if inflation expectations and other price signals do not improve later this year. She backs keeping Bank Rate at 3.75% for now but warned inflation could become embedded. Mann said she will watch H2 data closely to prevent rising prices feeding into wage settlements and inflation expectations. Energy price moves, profit‑margin shifts and the backdrop for 2027 wage negotiations will be critical in judging whether cur

Analyst Eric Merlis said June nonfarm payrolls were significantly below expectations, a stark contrast with a string of upside surprises earlier this year, but the labor market is still adding jobs and wage growth shows little sign of accelerating. With participation falling and hiring cooling, the Fed’s decision to stand pat last month looks less like a policy mistake and more like prudent patience. Markets are repricing: as the inflation debate continues, the probability of further rate hikes is declining.

On July 2 in London, Raimondo, MOFCOM minister, hosted a roundtable with more than 10 China-invested firms in the UK from financial, insurance, new energy, auto, retail and telecom sectors and leaders of the China‑Britain Chamber of Commerce. Firms reported on UK operations and sought help protecting overseas interests and expanding practical cooperation. Raimondo said China‑UK trade ties have deepened; China-invested firms have withstood international pressures, delivered solid economic results and contributed to bilateral cooperation. He urged firms to deepen cooperation in services, innovation and three‑way projects, strengthen self-discipline and orderly competition, protect the overall image of Chinese firms, and improve international operating standards and risk-management capabilities.