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Podcast: Beyond Currency
Episode: 17th November 2021 - Jobs data to drive BoE decision
Description: "The UK Employment Report for October was released yesterday. It showed that vacancies are continuing to rise as the effect of the departure of migrant workers following Brexit remains a significant issue.
Following the end of the Government’s furlough scheme, the economy added 160k new jobs. This will provide a degree of relief for the Bank of England which had cited concerns over jobs as one reason that they had held off on raising interest rates.
The Bank could easily break with the tradition of not raising rates immediately before the Holiday Season by tightening monetary policy at its me...