BoE’s Dhingra: Labor market is really loosening, do not see further wage growth momentum

Notícias do Mercado

17 outubro 2023

BoE’s Dhingra: Labor market is really loosening, do not see further wage growth momentum

Bank of England (BoE) policymaker Swati Dhingra said on Tuesday, “labor market is really loosening, I do not see further wage growth momentum.”

Additional quotes

Average weekly earnings data appear to give a more inflated picture of wage outlook than other measures.

I expect some letting-up of wage growth.

We should see some relenting of domestic inflation pressures.

Market reaction

GBP/USD is consolidating losses following the above comments, keeping its range at around 1.2160, down 0.42% on the day.

WTI Price Analysis: Trades sideways around $85.00

United Kingdom 30-y Bond Auction rose from previous 4.704% to 4.926%

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