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Global Macro
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UK Labour Market Review: July 2024 Release
- On the surface this morning’s labour market report was broadly in line with expectations. However, looking in more detail at the private sector regular wage data, there was quite a soft single month print for May.
- We think that today's wage data is a little softer than we expected (albeit in line with consensus expectations), and may actually embolden some MPC members to vote for a cut in two weeks time. We still see it as close to a 50/50 decision.
- We look in more detail regarding how the data compares versus tracking for its Q2 forecast as well as analysing pay momentum metrics and the V/U ratio.
- We also summarise 10 sell-side reviews of the release.
To read the full story
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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.