BoE's Bailey: Latest jobs data show some signs of labour market cooling – by eren_fxstreet BOE CentralBanks
"I think there are some interesting pieces of evidence in labour market data, it's a continuation in some cases - if you look at the vacancy to unemployment ratio, for instance - of some signs of the labour market cooling," Bank of England Governor Andrew Bailey said on Wednesday.
Bailey further noted that the current level of pay increases was not consistent with the inflation target.continues to pull away from the 15-month high it set at 1.2970 earlier in the day. As of writing, the pair was virtually unchanged at 1.2930.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/GBP gathers strength for further upside above 0.8550 ahead of BoE’s Bailey speechThe EUR/GBP pair is oscillating in a narrow range around 0.8550 in the London session. The asset is demonstrating a back-and-forth action after a soli
Read more »
GBP/USD hits YTD high amid USD weakness, cautiously eyes 1.3000 amid BoE speculationsGBP/USD climbs to a new year-to-date (YTD) high at 1.2867, amid overall US Dollar (USD) weakness, after the major printed a daily low of 1.2750. The G
Read more »
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’In a speech on July 10, Bank of England Governor Andrew Bailey explained the failings he sees in cryptocurrency and how digital money can be enhanced.
Read more »
UK’s Hunt: Government and BoE will tame inflationUK finance minister Jeremy Hunt spoke alongside Bank of England (BoE) Governor Andrew Bailey on Monday while showing readiness to take measures to ret
Read more »
IMF: BoE may have to hike further on persistence in inflationary pressuresIn a statement on Tuesday, the International Monetary Fund (IMF) said that its directors “welcomed the Bank Of England’s (BoE) policy response to arre
Read more »
GBP/JPY threatens 20-day SMA following Bailey’s speechThe GBP/JPY lost ground at the start of the week and currently stands around 181.60. Andrew Bailey’s, Governor of the Bank of England (BoE), hawkish
Read more »