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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.
- This week’s labour market was broadly in line with expectations while the activity data was disappointing across the board. Overall we think that these data will have little impact on any MPC member at the September meeting but we think the data will help to cement a November cut and increase the probability of a December cut (with that reaction broadly reflected in market pricing).
- We continue to think that the most important part of the labour market report is the private regular wage growth. We look at this in more detail - on both yearly, momentum and the single month metrics.
- We also look at other aspects of the labour market report such as the unemployment rate, economic activity rates and the claimant count.
- Furthermore, we look at this morning's July monthly activity release.
- Our analysis is complemented by a roundup of sellside views.
MNI (LONDON) - For the full document see: MNI UK Labour Insight - September 2024 Release.pdf
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.
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