GBP/JPY retreats from 181.70 as UK’s labor market report misses estimates – by Sagar_Dua24 GBPJPY BOE BOJ Inflation Employment
Unemployment Rate
has jumped to 4.0% vs. the consensus and the former release of 3.8%. June’s Claimant Count Change jumped to 25.7K vs. a decline in the number of job-seekers at 22.5K reported last month. Employment figures have missed expectations as firms preferred to dodge credit with higher interest obligations. are still solid amid an absence of deceleration in the labor cost data. Three-month Average Earnings excluding bonuses have maintained a steady pace of 7.3% vs. expectations of 7.1%.
On Monday, BoE Governor Andrew Bailey conveyed that the central banks observing labor market conditions to bring down inflation to the 2% target. Also, UK FM Jeremy Hunt cited that the administration and the central bank will do whatever is necessary to tame price pressures. The Japanese Yen has been underpinned against the Pound Sterling amid a solid Taken Survey. Manufacturing activities in the small, medium, and largest enterprises increased tremendously while service activities showed a slower pace. Going forward, Japan’s Producer Price Index will be keenly watched. Monthly PPI is expected to show an expansion of 0.1% vs. a contraction of 0.7%.
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.
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 »
GBP/JPY drifts lower past 181.50 at two-week trough on downbeat yields, UK employment eyedGBP/JPY drifts lower past 181.50 at two-week trough on downbeat yields, UK employment eyed – by anilpanchal7 GBPJPY RiskAppetite YieldCurve BOE BOJ
Read more »
Employers across Dallas-Fort Worth rely on guest worker programs amid labor shortagesPatricia Meier only needs a handful of workers -- four ranch hands -- to cut hay, reseed and run tractors at her Burleson farm, where she raises horses and...
Read more »
Christ brings divine order to the burdens and labor of everyday life, says Ohio priestFr. Ambrose Dobrozsi, a priest of the Archdiocese of Cincinnati, Ohio, reflects on the Bible verse Matthew 11:28 and how Christ works to bring a divine order to life.
Read more »
Worker strikes grip Los Angeles as nation faces ‘hot labor summer’The outcome of the labor actions now happening in Southern California and beyond will be closely watched for what it says about the strength of organized labor in an increasingly stratified economy.
Read more »
Biden's green agenda could be at risk as labor groups enter electric vehicle contract negotiationsPresident Joe Biden's green energy agenda could face significant roadblocks as unionized auto workers prepare to strike over the hazards and lack of benefits in electric vehicle production.
Read more »