UK HMRC Payrolls Change (Jan) -11K (Prev. -6K, Rev. From -43K)
Newsquawk Staff ·
UK HMRC Payrolls Change (Jan) -11K (Prev. -6K, Rev. From -43K)
What it means
The drop in payrolls by 11K in January, worsening from the previous -6K and revised from a larger loss, suggests weakening labor market conditions in the UK. This may have implications for economic growth and could put pressure on the Bank of England's policy stance, possibly leading markets to reassess rate expectations surrounding GBP.
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- TPG pursues USD 5bln acquisition of UK data centre group Ark, according to FT
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
Related headlines
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market21 min ago
- [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again23 min ago
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike32 min ago
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully1 hour ago
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)1 hour ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago
- UK Chancellor Healey announces new measure on housing; will provide additionally GBP 1.5bln for social and affordable housing programme1 hour ago
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects1 hour ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios2 hours ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats2 hours ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports2 hours ago
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports2 hours ago
- UK Chancellor Healey says budget will be based on fiscal discipline2 hours ago
- UKMTO says it has received reports of suspicious activity potentially linked to piracy in the Gulf of Aden3 hours ago
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized3 hours ago