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UK T-BILL AUCTION PREVIEW

1/3/6-month UKTBs

OPTIONS

Expiries for Oct22 NY cut 1000ET (Source DTCC)

MARKET INSIGHT

Price Signal Summary - USDJPY Dips Considered Corrective

SHORT-STERLING OPTIONS

SONIA Call Ladder Buyer

London (MNI)

Demand for temporary workers rose across the UK with an uptick in short-term vacancies, James Stewart, Vice Chair at KPMG said Friday, although there was a sharp dip in demand for permanent workers, with the latest KMPG/REC Jobs report showing the largest downturn since June.

Recruiters also signalled renewed downward pressure on starting salaries and temporary wages, although the rate of decline was milder than those recorded in 2020.

"There is cause for optimism," Stewart noted, "as businesses carefully monitor the vaccine rollout and look forward to the Budget next month".

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