UK: Focus on labour market report – Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura point out that UK’s quarterly employment growth remained strong in last month’s release, though private sector regular pay was static in April (admittedly after a large gain in March).

Key Quotes

“A 0.2% monthly rise in this measure of wages during May should keep the 3m annualised rate around its current 2.5% rate.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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