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Weekly Market Recap (12-16 June 2023)

Monday: BoE’s Haskel (hawk) said that further rate hikes cannot be ruled out. BoE’s Mann (hawk) highlighted that wage increases above 4% would make it a challenge to return CPI to 2%. Tuesday: The UK employment report beat across the board with the unemployment rate down to 3.8% vs. 4.0% expected and the prior negative employment numbers revised to reflect a gain. The worst part for the BoE is the wage growth rate. The average weekly earnings came at 6.5% vs. 6.1% expected with the prior release... Read More

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Content Topics

Weekly

Market

Recap

12

16 June

2023

12 16

Forex

Posted: Jun 16 2023, 14:35

Author Name: forexlive

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