BoE's deputy governor Ramsden: Labour market will be key determinant of policy thinking going forward

Market news

6 November 2020

BoE's deputy governor Ramsden: Labour market will be key determinant of policy thinking going forward

Unemployment rate in UK is already quite a bit higher than official measure
Furlough scheme is not stopping adjustment in labour market
I don't think we will have sudden rush of job losses when furlough scheme ends
I do worry that COVID will be negative for certain aspects of real estate, challenging to re-purpose
We are keeping UK bank exposure to commercial real estate sector under close review

Canada: Ivey Purchasing Managers Index, October 54.5 (forecast 51.5)

U.S. Stocks open: Dow -0.18%, Nasdaq -0.29%, S&P -0.19%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.