Webinar: UK Jobs and Wages Data Will Interest the Consumer
In this webinar we looked at the latest UK jobs and wages data and the possible outcomes on different UK asset markets. Tuesday’s inflation numbers stabilized and may start to head lower, while any better-than-expected wage data today will begin to narrow the current negative real-wage gap.
Discussions include –
- UK inflation may have peaked but consumers want to see more money in their pocket, especially after months of negative real wages.
- UK asset markets will be watching the release closely to see if it gives any clues to monetary policy, especially interest rates. And various Bank of England members, including Governor Mark Carney will be on the wires over the next 48 hours.
- Markets remain a slave to any Brexit news as UK PM Theresa May battles to keep control of her Conservative Party.
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--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.