GBP – Sterling fell to its lowest level of 2021 against the dollar on Thursday as the British economy appeared to lose momentum.
Reuters noted that “data released by the Office for National Statistics showed Britain’s economy grew by 0.6% in September but estimates for previous months were revised lower, leaving the economy still smaller than it was in February 2020.”
AUD – The Australian dollar slid to its lowest in more than a month on Thursday, pressured by an overall disappointing employment report for October.
Commenting on the release and its implications for the RBA, HSBC noted that “the key is that the unemployment and underemployment rates are now further away from full employment, meaning more job creation will be needed to reduce labour market spare capacity and put upwards pressure on wages growth. A broad-based strong wages pick-up may therefore be some time away, keeping the RBA dovish.”
Reuters noted that “data released by the Office for National Statistics showed Britain’s economy grew by 0.6% in September but estimates for previous months were revised lower, leaving the economy still smaller than it was in February 2020.”
AUD – The Australian dollar slid to its lowest in more than a month on Thursday, pressured by an overall disappointing employment report for October.
Commenting on the release and its implications for the RBA, HSBC noted that “the key is that the unemployment and underemployment rates are now further away from full employment, meaning more job creation will be needed to reduce labour market spare capacity and put upwards pressure on wages growth. A broad-based strong wages pick-up may therefore be some time away, keeping the RBA dovish.”
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.