The Labour market in the US surprised global markets yet again with another bumper Jobs figure of 255,000 easily beating analysts’ forecasts of 180,000 for July. The US benchmark reached new highs on Friday as investors saw the figure as further evidence the world’s largest economy is firmly on the path to recovery. Against the back drop of global turmoil the FED remain tentative about the next interest rate rise in the US and July’s figure will certainly play a large part in the next FOMC meeting in September.
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UK inflation rises to 0.6%
UK inflation rises to 0.6%