Pound Slows as Jobs Data Dips | Bermuda News

The pound dipped as UK job market signs point to cooling — unemployment held steady at 4.9%, while job vacancies hit a post-2021 low, dragging wage growth to its slowest since late 2020. Economists now predict the Bank of England will delay rate hikes until next spring and could even cut rates twice by 2027, unless energy prices surge. Traders’ bets on a rate hike this year may shift, despite recent pound gains fueled by global currency moves and waning Fed rate expectations. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ce6328275cb42fe6