BoE’s Pill: The Fed must watch both sides of mandates
Bank of England (BoE) Governor Andrew Bailey noted that a low-hiring, low-firing environment may persist or quickly shift to a no-hiring, more-firing labor market in a LinkedIn post on Friday
Key takeaways:
There's a risk that we draw too much comfort from the dip in inflation that will come in April.
The labor market does appear to have eased significantly, perhaps more than activity data would have predicted.
We should not overinterpret changes to the growth outlook in February forecasts.
The latest pay intentions data is good evidence that the disinflation process is intact but not complete.
The latest DMP data on pay and pricing plans are not at entirely comfortable levels.
The Fed must watch both sides of mandates; the situation feels 'precarious'.
It was noted that a low-hiring, low-firing environment may persist or may quickly change to a no-hiring, more-firing labor market.
Businesses are cautiously optimistic, but workers are not so sure."
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.31% | -0.54% | -0.02% | -0.40% | -0.98% | -0.91% | -0.35% | |
| EUR | 0.31% | -0.23% | 0.30% | -0.08% | -0.66% | -0.60% | -0.04% | |
| GBP | 0.54% | 0.23% | 0.53% | 0.14% | -0.43% | -0.37% | 0.20% | |
| JPY | 0.02% | -0.30% | -0.53% | -0.35% | -0.94% | -0.88% | -0.31% | |
| CAD | 0.40% | 0.08% | -0.14% | 0.35% | -0.59% | -0.53% | 0.05% | |
| AUD | 0.98% | 0.66% | 0.43% | 0.94% | 0.59% | 0.06% | 0.63% | |
| NZD | 0.91% | 0.60% | 0.37% | 0.88% | 0.53% | -0.06% | 0.57% | |
| CHF | 0.35% | 0.04% | -0.20% | 0.31% | -0.05% | -0.63% | -0.57% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
추천 기사
