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UK: Unemployment rate and average weekly earnings likely unchanged – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Danske Bank, suggests that in the UK, they estimate both the unemployment rate (3M average) and the annual growth rate in average weekly earnings excluding bonuses (3M average) were unchanged in January at 5.1% and 2.0% y/y, respectively.

    Key Quotes

    “We think wage growth has reached a bottom and we expect it to pick up gradually from here due to the tighter labour market. That said, it is likely that employment growth will slow in H1 16 due to slower economic growth amid 'Brexit' uncertainties.

    In Sweden, we get the quarterly, extended Prospera inflation expectations survey, while Danmarks Nationalbank will publish its Monetary Review.”
    For more information, read our latest forex news.
     

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