FXStreet (Bali) – According to Societe Generale, any weakness in today’s UK employment data overall will probably elicit a bigger reaction than strength.
Key Quotes
“Today, we get unemployment data, expected to show a 3,000 fall in unemployment, and a rise in the ILO measure of the unemployment rate to 5.7%, though the claimant count may stay at 2.3%.”
“Wage growth is expected to edge up to 3.1% on a 3-month y/y basis, given what the underlying y/y data have been doing.”
“Any weakness in the data overall probably elicits a bigger reaction than strength, but on our figures, there won’t be fireworks.”
(Market News Provided by FXstreet)