US jobs growth was stronger than expected in September, but unemployment also rose amid workers returning to the labour market and seeking jobs. Given the Fed's recent hawkish shift and the lack of official data scheduled before the 10 December FOMC meeting, it is understandable that the market thinks the next move won't come until early 2026
South Korea’s jobless rate rose in October, but it remains below 3%. The Bank of Korea is expected to keep policy unchanged in November amid concerns about property risk and volatile foreign exchange markets
China's deflation is expected to continue, while the government releases data on retail sales, fixed asset investment, and industrial production. South Korea will release the unemployment rate
Hungary's recent labour market data shows a seasonal improvement, resulting in a record-high employment rate. The situation for employers is growing hotter as wage expectations remain high, but the economy struggles to thrive
The British pound is showing limited movement on Monday. In the European session, GBP/USD is trading at 1.3455, up 0.05% on the day.
The Bank of England is keeping a close eye on two key fronts as it charts a rate path - inflation and employment. The BoE lowered rates last week in a decision that raised a lot of eyebrows since it took an unprecedented two rounds of voting to reach the decision. The close 5-4 vote points to dissension among MPC members as how best to proceed.
