Institutions: Market expects UK central bank rate cut to rise – ChainCatcher

According to a message from ChainCatcher, Kimju reports that data shows UK unemployment rate rising more than expected and wage growth slowing, but slightly below expectations. It means. After the data was released, the pound fell against the dollar from 1.2825 to a three-month low of 1.2800, while the euro rose against the pound from 0.8294 to 0.8303.

In the three months to September, the unemployment rate rose to 4.3% from 4% in the previous quarter. Average income excluding bonuses increased 4.8% year over year, beating expectations of 4.7%. Kathleen Brooks, head of research at XTB, said in a report: “The rise in unemployment may trigger markets to tighten their pricing on next month’s Bank of England interest rate cut.” I am.

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