RANsquawk DAILY UK OPENING NEWS – 08/08/12
The BoE is expected to slash UK growth forecasts to close to zero from the 0.8% predicted in May as well as downgrade its inflation forecasts when it publishes its quarterly inflation report, which is scheduled to be released at 1030BST. (Telegraph) BoE's King is also expected to be asked about a possible interest rate cut.
The pace of decline in UK permanent and temporary jobs eased somewhat in July according to the latest KPMG/REC labour market survey. The survey still pointed to continued weakness in the labour market, but suggested growth in private sector jobs is offsetting the drop in public sector employment. (Newswires)
UK retailers John Lewis said the "Olympic Effect" has helped boost sales at flagship London shores, with sales up sharply from the early days of the event. (Independent)
You can now follow real-time news headlines on the move with the new RANsquawk app available to download for free at ransquawk.com/mobile_app for Apple iPhone, Blackberry and Android users.
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The pace of decline in UK permanent and temporary jobs eased somewhat in July according to the latest KPMG/REC labour market survey. The survey still pointed to continued weakness in the labour market, but suggested growth in private sector jobs is offsetting the drop in public sector employment. (Newswires)
UK retailers John Lewis said the "Olympic Effect" has helped boost sales at flagship London shores, with sales up sharply from the early days of the event. (Independent)
You can now follow real-time news headlines on the move with the new RANsquawk app available to download for free at ransquawk.com/mobile_app for Apple iPhone, Blackberry and Android users.
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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