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Breaking news

Bank of England Leaves All Policy Settings Unchanged

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

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

Martin Essex, MSTA, Analyst

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

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