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      UK labour market and BoE’s QIR on the spotlight – Danske Bank

      FXStreet (Edinburgh) - Pernille Nielsen, Senior Analyst at Danske Bank, remarks today’s data releases in the UK economy.

      Key Quotes

      “In the UK the Inflation Report from Bank of England (BoE) will be released”.

      “In light of falling unemployment and improvement in other labour market indicators BoE could indicate that labour market slack has been reduced faster than expected and it could pave the way for an interest rate hike later this year. Interestingly, the labour market report for June will be released just ahead of the inflation report”.

      EUR/GBP settled below 0.7950, and ready to dive

      EUR/GBP opened the day at 0.7949, paused a bit, and started to slide down on the pound strength reaching 0.7944 by the moment.
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      Spain Consumer Price Index (MoM) in line with expectations (-0.9%) in July

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