bullish

UK: Slackening Too Slowly for the BoE

261 Views11 Jul 2023 18:28
The UK unemployment rate surprisingly jumped by 0.2pp to 3.98%. Wage growth was surprisingly strong, owing to revisions again. We now expect a 50bps BoE hike in August.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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