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Wednesday, 15 September, 2021

Red Hot Jobs to Keep BOE Hawks Circling

https://newsletters.briefs.bloomberg.com/document/yYld-gEGcPsjNZLzs3balA–_b7z4c
nqb70dzj94rma

The latest U.K. jobs data suggest the labor market was carrying significant
momentum over the summer, but how employment and wages respond to the furlough
scheme ending this month will be central to the timing of any move from the
Bank of England; The European Central Bank is having a dampening effect on
volatility (to the benefit of carry trades) for now, before the big decisions
on asset purchases are made later this year; BOE Governor Andrew Bailey issued
a fresh broadside over the EU’s post-Brexit plans on clearinghouses.

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