Fundamental Analysis
Posted 1 hour ago
UK Payroll Employment Falls 26,000 in August, Annual Decline Accelerates
UK payrolled employment contracted by 26,000 in August after a revised 19,000 decline in July, with year-on-year losses deepening to 145,000. Labour demand weakness signals continued softness in the UK jobs market despite pay growth remaining resilient. This deterioration could weigh on Sterling and reinforce expectations for continued monetary policy caution from the Bank of England.
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