UK data-heavy week could trigger BoE repricing, ING says

A busy run of UK economic releases may test current Bank of England tightening expectations, according to ING’s Chris Turner.

Markets still price around 55 basis points of additional BoE tightening. The upcoming data calendar includes jobs, wage figures and the July CPI report, which Turner says could challenge that pricing.

Traders will be watching for evidence on whether labour market strength and inflation pressure justify the implied rate path, with potential repricing risk for the British pound.