In this webinar we looked at the latest set of UK employment and wages data and discussed how the UK central bank can respond to help the consumer. And Governor Mark Carney has the first chance to reply at Thursday’s Bank of England MPC meeting. Sterling pushed higher on the inflation numbers but drifted lower on the wages release. Does GBP have further to fall or will the central bank underpin the rally tomorrow?
Discussions include –
- Inflation is giving BoE governor Mark Carney a headache and it looks as though it may still get worse. Will the Governor have to write a letter to Chancellor of the Exchequer Philip Hammond
- The unemployment rate fell further but wage growth remained weak.
- The Bank of England will have to now balance high inflation, weak growth and below expectation wage growth, as the Brexit talks continue.
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--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
