bearish

UK: Labour Fits the Fall Season

309 Views15 Nov 2022 18:22
The UK unemployment rate surprisingly jumped to 3.6% in Sep-22. An earlier turn means it tracks a rise about 0.1pp above the BoE view. We still see hawkish pressure fitting a 50bp BoE hike in Dec-22.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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