Institution: The weak economic outlook in the UK may put pressure on the pound.

Jin10 data July 18 news, analysts at Monex Europe stated in a report that the weak economic outlook in the UK seems to put pressure on the pound in the coming weeks. They noted that the inflation and labor market data released by the UK this week indicate that, when viewed in isolation, the Central Bank of the UK should remain cautious regarding interest rate cuts. However, this data also means that public finances will face additional pressure and may require significant tax increases. It has been shown that even amid a softening labor market, inflation and wage growth remain tricky. Monex stated: "On top of this, with significant tax increases, the outlook for the UK seems to be much weaker than that of other major economies."