Thousands of new jobs are expected to be created as part of the chain’s biggest expansion plan in the UK in more than two decades, which will also include some 200 new restaurants in Ireland and the UK. ADVERTISEMENT Fast food chain McDonald’s plans to create some 24,000 new jobs in the UK and Ireland...
Tag: employment
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UK Unemployment Rate drops to 4.2% in quarter to June vs. 4.5% expected
The UK Unemployment Rate unexpectedly fell to 4.2% in three months to June. The Claimant Count Change for Britain arrived at 135K in July. GBP/USD jumps to test 1.2800 after mixed UK employment data. The United Kingdom’s (UK) ILO Unemployment Rate dropped to 4.2% in the three months to June after recording 4.4% in the previous period,...
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Pound Sterling edges lower after UK employment data
The Pound Sterling slides below 1.3000 against the US Dollar as UK Average Earnings decelerated in the three months ending in May. UK labor market reports the addition of fresh payrolls against a severe drawdown in the three months ending in April. Rising expectations for Fed rate cuts in September have weighed on the US Dollar....
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Pound Sterling retreats as UK labor market cools further, Fed policy in focus
The Pound Sterling declines from 1.2740 against the US Dollar due to weak UK employment data and a firm US Dollar. The BoE could struggle to shift toward policy normalization as steady UK wage growth offset the impact of weaker employment levels. Investors see the Fed arguing to maintain a restrictive framework for longer. The...
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Pound Sterling clings to gains ahead of UK employment, US inflation data
The Pound Sterling holds gains above 1.2500 inspired by strong UK Q1 GDP data. The UK economy expanded by 0.6%, moving out of the recession seen in the second half of 2023. Investors await UK employment and US inflation data for fresh guidance. The Pound Sterling (GBP) exhibits strength above the psychological support of 1.2500...