S&P Global(US:SPGI) Jin Tou Wang·2025-08-04 04:03Group 1 - The UK economy showed only slight growth in July, with employment numbers decreasing at the fastest rate in five months [1][2] - The S&P Global UK Composite PMI fell from 52.0 in June to 51.0 in July, slightly above the 50.0 mark that separates growth from contraction [2] - The employment index dropped to 45.1, the lowest since February, attributed to increased employee social security contributions starting in April [2] Group 2 - Concerns over weak demand are affecting hiring decisions, with expectations that the Bank of England will implement its fifth interest rate cut in August despite inflation rising to 3.6% in June [2] - The PMI data indicates a quarterly economic growth rate of only 0.1%, with risks of further weakness [2] - The PMI also highlights the Bank of England's dilemma, as price growth has accelerated for the first time since April due to suppliers trying to offset increased tax and wage costs [2] Group 3 - The GBP/USD is currently in a downtrend, with technical indicators suggesting a potential acceleration of decline if it breaks below 1.3100 [3]