17 Jun 2015
UK headline wage growth sees downside risk – TDS
FXStreet (Barcelona) - The TD Securities Team previews the key events ahead in the UK – Unemployment rate, headline wage growth and the BoE Meeting Minutes release.
Key Quotes
“We’re with consensus looking for the unemployment rate to remain unchanged at 5.5% in April, although we do see a bit of downside risk for headline wage growth (mkt 2.1% Y/Y), particularly after the unusual strength that we saw last month.”
“We also have BoE minutes for the June meeting released today, but don’t expect to see much excitement with another 9-0 vote. Recent comments from the BoE hawks suggest that we need to see more concrete signs of inflation having come off its floor before anyone will be ready to vote for tightening policy.”
Key Quotes
“We’re with consensus looking for the unemployment rate to remain unchanged at 5.5% in April, although we do see a bit of downside risk for headline wage growth (mkt 2.1% Y/Y), particularly after the unusual strength that we saw last month.”
“We also have BoE minutes for the June meeting released today, but don’t expect to see much excitement with another 9-0 vote. Recent comments from the BoE hawks suggest that we need to see more concrete signs of inflation having come off its floor before anyone will be ready to vote for tightening policy.”