A post by @FirstSquawk on X.

The Bank of England lowered its unemployment rate projections in its latest forecast, now expecting 4.8% in 2026, 4.9% in 2027 and 5.1% in 2028, down from its July estimates of 5.0%, 5.3% and 5.2% respectively. The revision implies a tighter labor market path than previously assumed across the three-year horizon. The shift matters because unemployment slack feeds directly into wage growth and services inflation, both key inputs for the BoE's rate decisions. Traders will watch whether the softer jobless outlook is echoed in the accompanying Monetary Policy Report language and how it shapes market pricing for the pace of future rate cuts.