bullish

UK: Resilience Defies Doves

217 Views14 Nov 2023 19:34
​UK unemployment rate remains at 4.2% while wages spike, defying dovish expectations. The BoE is unlikely to hike rates soon, but resilient activity and excessive inflation would discourage cuts.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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