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Research: Uk Labour-Market Data Likely to Signal continued Weakness

Aug 15 2012
By
Forexbrokerz.com

Quotes from Standard Chartered:

-UK labour-market (15 August) and retail sales (16 August) data will give a preliminary indication of the impact of the Olympics on activity in July.

-Overall, we think persistent underlying  economic  weakness may have resulted in a higher claimant count rate (we expect 5.0%, consensus: unchanged at 4.9%), and an uptick in the ILO unemployment rate, although Olympics-related hiring may have curbed the deterioration.

-The minutes of the Bank of England meeting (the MPC left quantitative easing unchanged at GBP 375bn) are likely to be sidelined as the BoE released its more up-to-date views in the inflation report last week; but the market will still monitor the vote split.

The material has been provided by Instaforex Company - instaforex.com
TAGS: Research:  Uk  Labour-Market  Data  Likely  to  Signal  continued  Weakness 

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