<ul data-eligibleForWebStory="false"><li>The pound hits a three-week low following statements from the Bank of England suggesting a potential rate cut due to a slowing jobs market.</li><li>Bank of England Governor Andrew Bailey hints at the possibility of larger interest rate cuts if the jobs market deteriorates rapidly.</li><li>Bailey expresses belief in a downward path for interest rates but remains cautious, emphasizing the need for a gradual and careful approach.</li><li>Concerns arise regarding slack in the economy, potential adjustments in employment, hours, and pay rises influenced by factors like the National Insurance Contributions (NICs) change.</li></ul>

Pound hits three-week low after Bank of England says slowing jobs market could prompt rate cut – business live

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