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10 Apr 2015
UK Employment Data is key - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted that the UK employment data is coming up next Friday 17th April.
"We see the risk of a slightly weaker outcome for the final pre-election report, with the unemployment rate remaining unchanged at 5.7% (mkt 5.6%) and headline wage growth potentially pushing lower to 1.5% Y/Y (mkt 1.7%)."
"Given that this is the last employment update before the election, any downside surprise could have an outsized market impact, given the importance of the job creation story to the Conservatives’ re-election campaign."
"We see the risk of a slightly weaker outcome for the final pre-election report, with the unemployment rate remaining unchanged at 5.7% (mkt 5.6%) and headline wage growth potentially pushing lower to 1.5% Y/Y (mkt 1.7%)."
"Given that this is the last employment update before the election, any downside surprise could have an outsized market impact, given the importance of the job creation story to the Conservatives’ re-election campaign."