The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent. During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
- Bank of England (BoE) Widely Expected to Reduce Growth, Inflation Forecast. - Will the BoE Inflation Report Drag on Interest-Rate Expectations? Trading the News: Bank of England (BoE) Inflation Report Trading the Bank of England (BoE) Inflation report may not be clear cut even with expectations for a downward revision in the central bank’s growth/inflation forecast as Governor Mark Carney continues to prepare U.K. households and businesses for higher borrowing-costs. ...
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