BoE Inflation Report Delays Inevitable

by Ashraf Laidi

May 14, 2014 18:28

BoE governor Carney's post-inflation report speech gave gilt yields their biggest decline in 4 months despite the release of fresh 5-year lows in UK unemployment rate, hitting 6.8% in March. The fact that average weekly earnings growth held unchanged at 1.7%, undershooting expectations of a jump above 2.0% have also helped temper yields down. More charts & analysis here.

Click To Enlarge

Act	Exp	Prev	GMT
Average Earnings ex Bonus
1.3%	1.5%	1.4%	May 14 8:30
Average Earnings Index +Bonus
1.7%	2.1%	1.7%	May 14 8:30
Unemployment Rate
6.8%	6.8%	6.9%	May 14 8:30

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