Back
9 Sep 2013
Flash: Europe outlook – BTMU
FXstreet.com (London) - Lee Hardman, Currency analyst at Bank of Tokyo-Mitsubishi UFJ noted that the the main economic data release in Europe in the week ahead will likely prove to be the latest UK employment report.
Key Quotes:
“With the BoE still judging that the unemployment rate is unlikely to fall towards 7.0% until at least 2016 while the market is beginning to contemplate the first rate hike coming as early as late 2014, it is clear that the market requires the unemployment rate to begin falling more sharply alongside robust economic growth to support recent pound strength".
Key Quotes:
“With the BoE still judging that the unemployment rate is unlikely to fall towards 7.0% until at least 2016 while the market is beginning to contemplate the first rate hike coming as early as late 2014, it is clear that the market requires the unemployment rate to begin falling more sharply alongside robust economic growth to support recent pound strength".