Yesterday the UK Jobs report from S&P Global revealed employers have an uncertain outlook for 2023 which could add strain to the hiring market as employers continue to tread carefully.
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On Friday, the dollar index, which measures the US dollar against six major currencies, fell by 1.15% investors moved into riskier assets. Fears continue into this week.
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EUR/USD rose on Monday following the latest eurozone unemployment data. The latest data revealed the seasonally-adjusted unemployment rate stood at 6.5% in November.
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The Bank of England’s chief economist, Huw Pill gave a hawkish speech at the Money Market Association of New York University on Monday.
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After its boost against both the euro and dollar on Monday, sterling relinquished gains made against the euro towards the end of the business day. Against the dollar however, the pound has maintained yesterday’s gains and is still…
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The big release on all dollar watchers’ radars this week will be the latest inflation rate, issued by the U.S. Bureau of Labor Statistics on Thursday. US inflation is forecast to ease to 6.7%.
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It is a similar story over in the eurozone, where markets are also expecting a variety of key data releases which could impact the single currency this week.
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There are several key data releases scheduled in for this week that could sway the pound against its rivals. The one to watch will be the UK’s GDP, issued by the Office for National Statistics on Friday.
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