Webinar: Live Event Coverage: UK Labor Market (Mar) with Martin Essex
- The latest UK jobs report suggested little urgency for the Bank of England to move interest rates.
- Sterling remains well supported at its current levels against the Dollar and the Euro.
In this video, I discuss the outlook for the UK economy, interest rates and the British Pound before and after the latest UK employment report.
The figures showedunemployment steady at 4.7% and average earnings growing at a same-again 2.3%, in line with the current UK inflation rate.
That means no sign yet of a squeezer on consumers’ purchasing power that would lead to lower spending. The Bank of England is therefore unlikely to move UK interest rates any time soon and provides support for the British Pound against the US Dollar and the Euro.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at email@example.com
Follow Martin on Twitter @MartinSEssex
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