Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Webinar: Live Event Coverage: UK Labor Market (Mar) with Martin Essex

Webinar: Live Event Coverage: UK Labor Market (Mar) with Martin Essex

Talking Points

- 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.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.

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 martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

If you’re looking for trading ideas, check out our Trading Guides; they’re free and updated for the first quarter of 2017

If you’re looking for ideas more short-term in nature, please check out our Speculative Sentiment Index indicator (SSI)

You can find the relevant IG charts here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES