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18 Mar 2015

Hiring Pace in UK Remains Solid

The just out employment data has shown that hiring pace in Britain remained solid and growth in domestic wages, albeit weaker than anticipated, continued to outpace weak inflation in the nation. Separately, the minutes of the BoE’s most recent policy meeting revealed that officials unanimously voted in favour of maintaining the central bank’s current policy stance. Across the Atlantic, the US Fed is set to wind up its two day policy meeting later today, where the post meeting statement will be scrutinised to ascertain if the central bank drops its promise to remain “patient” in raising rates. In the Euro zone, yesterday’s ZEW survey showed that morale among domestic investors improved less than expected for March, amid concerns about Greece’s standoff with its international creditors.