Free Trial

Labour market data broadly in line with expectations

UK DATA
  • The key private sector regular AWE is in line with the median of the analyst previews that we read at 5.8%Y/Y while total regular AWE was 6.0%Y/Y in the 3-months to April (in line with a number of analyst forecasts but the median from the surveys we read and the Bloomberg consensus were both 0.1ppt higher). The unemployment rate at 4.4% was in line with half of the analyst previews we read (the other half and the Bloomberg median looked for 4.3%).
  • So all in all, at first glance this is broadly in line data, there is very slightly less tightness in the labour market than expected by consensus.
  • GBPUSD is currently trading around 10 pips lower than pre-release.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.