UK unemployment: Bigger bang for your buck on weak data - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - According to Societe Generale, any weakness in today's UK employment data overall will probably elicit a bigger reaction than strength.

    Key Quotes

    "Today, we get unemployment data, expected to show a 3,000 fall in unemployment, and a rise in the ILO measure of the unemployment rate to 5.7%, though the claimant count may stay at 2.3%."

    "Wage growth is expected to edge up to 3.1% on a 3-month y/y basis, given what the underlying y/y data have been doing."

    "Any weakness in the data overall probably elicits a bigger reaction than strength, but on our figures, there won’t be fireworks."
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