bearish
UK: Labour Fits the Fall Season
299 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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Discussions
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- UK: Expectations Still Need Re-Anchoring11 Jan 2023
- BoE: Independent Women Dissent to 50bp16 Dec 2022
- UK: Unemployment Turn Confirmed13 Dec 2022
- UK: Labour Fits the Fall Season15 Nov 2022
- BoE: Hikes Reaching Exhaustion Early03 Nov 2022
- UK: BoE Pulled Two Ways11 Oct 2022
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