UK: Labour market to remain very tight - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that the UK’s labour data for 19Q1 is released and will be a key economic release for today’s session.

Key Quotes

“We look for both the headline and ex-bonus wages to pull back to 3.3% y/y (mkt: 3.4% headline, 3.3% ex-bonus), while the "core" private sector ex-bonus measure remains unchanged at its recent high of 3.6% y/y.”

“We also look for the unemployment rate to remain unchanged at 3.9% (mkt: 3.9%). The labour market remains very tight, and will be one of the key factors pushing the BoE toward a November hike, in our view.”

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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