Study: Decrease in employment and slowing wage growth expected to support Bank of England's interest rate cut in December.

The recently released employment data will make it difficult for Bank of England Governor Andrew Bailey to not support a rate cut at this week's meeting. The slowdown in private sector wage growth in October was less than expected, but still moving in the direction of achieving the central bank's forecast. There are almost no signs of easing in the relaxation of the job market.