Institutions: The unemployment rate in the United Kingdom is rising, and it is expected that the Bank of England will cut interest rates two more times this year.

Robert Wood, the Chief UK Economist at Panmure Gordon, stated that as the job market gradually weakens, the Bank of England may lower interest rates twice more this year. Data released this week indicates that the UK's unemployment rate is rising, but at a slow pace rather than sharply; meanwhile, wage growth is also slowing down. The policy committee of the Bank of England could ease interest rates. Nevertheless, there are still indications that some underlying factors are maintaining rapid wage growth and preventing inflation from reaching the central bank's target of 2%. This means that the Bank of England is unlikely to implement consecutive rate cuts, but after the cuts in February and May, there is room for two more cuts this year.