Negative macroeconomic statistics from the UK | 10 June 2022

10 June 2022, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

British employers added staff in May at the slowest pace since early 2021, according to a survey that adds to signs that the labour market is losing some of its heat. A measure of permanent staff hiring by accountants KPMG and the Recruitment and Employment Confederation fell for a sixth month to 59.2 from 59.8 in April. The Bank of England has expressed concern that the surge in demand for staff could create longer-term inflation pressure after prices recently leapt on the reopening of the global economy. "The market for temporary work is stabilising faster than for permanent staff, which could suggest a little caution creeping into employers' thinking in the face of high inflation," Neil Carberry, REC chief executive said. The loss of about half a million people from the jobs market from before the coronavirus pandemic represented a major strategic issue for Britain, he said.

Investment idea: range 1.2475 - 1.2570.

David Johnson
Analyst of «FreshForex» company
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