Corporate

18 Feb 2015
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Hiring Pace in the UK Remains Robust

Today’s upbeat wages and jobs reports have strengthened hopes that the labour market in the UK remained buoyed for the three months ended December, despite inflation in the nation remaining weak. Against the backdrop of yesterday’s inflation survey showing an upside surprise in Britain’s core inflation measure, optimism among market participants reinforced the view that the current weakness in inflation might be short-lived. Across the Atlantic, the minutes of the Fed’s most recent policy meeting will be scrutinised to gauge the timing of an interest rate rise in the US, especially considering that jobs growth in the nation has remained robust lately. Additionally, traders will note the US producer prices inflation print later today, which is anticipated to show a fifth consecutive ease for January amid weak gasoline prices.
18 Feb 2015
Share

Hiring Pace in the UK Remains Robust

Today’s upbeat wages and jobs reports have strengthened hopes that the labour market in the UK remained buoyed for the three months ended December, despite inflation in the nation remaining weak. Against the backdrop of yesterday’s inflation survey showing an upside surprise in Britain’s core inflation measure, optimism among market participants reinforced the view that the current weakness in inflation might be short-lived. Across the Atlantic, the minutes of the Fed’s most recent policy meeting will be scrutinised to gauge the timing of an interest rate rise in the US, especially considering that jobs growth in the nation has remained robust lately. Additionally, traders will note the US producer prices inflation print later today, which is anticipated to show a fifth consecutive ease for January amid weak gasoline prices.