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UK Employment Change (Nov) 82K vs. Exp. 27K (Prev. -16K)

Newsquawk Staff ·

UK Employment Change (Nov) 82K vs. Exp. 27K (Prev. -16K)

What it means

The UK employment change of 82K considerably exceeds expectations of 27K and represents a reversal from the previous contraction of -16K. This strong data print suggests improving labor market conditions, which could bolster the case for tighter monetary policy by the Bank of England, strengthening the GBP in the process.

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