October 15, 2024 – Written by Ben Hughes
STORY LINK Pound Today: Hot and Cold for UK Jobs Market Will Keep BoE Cautious
Employment data in the UK was mixed and won’t swing market bias far from where it is already.
Wage growth remains a hurdle to aggressive cuts from the BoE.
CPI on Wednesday could be more important in shaping policy.
Tuesday’s main event came early in the session with the release of the UK employment report. Headlines will focus on the drop in unemployment from 4.1% to 4.0%, which suggests the Bank of England…
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