USD’s rally takes a pause, while riskier assets are modestly rising.
British employers' hiring confidence is the lowest outcome since Brexit vote
UK employers' readiness to hire and invest has gone down to its lowest value since the previous year's vote to break up with the European Union, according to a poll by the recruitment industry issued on Wednesday.
The Recruitment and Employment Confederation told that up to 29% of companies polled reported higher confidence in hiring as well as investment, although 20% turned to be less confident than before. The upbeat margin was the narrowest reading since the REC got down to the poll in its current form in June last year.
Meanwhile, employers' confidence as for the British economy happened to be the lowest outcome since November. Some financial experts consider this dip to be a red flag for the UK economy.
British businesses keep hiring just to meet demand. However, issues like Brexit negotiations, access to labor as well as political uncertainty are generating nervousness.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.