British employers added a record number of employees last November, as official data showed 257,000 employees were hired last month, the highest level since 2014.
The data also showed that the unemployment rate fell to 4.2% in the third quarter of this year, and this rate came very close to analysts’ expectations which indicated a decline to 4.3%.
A financial market expert, Nawras Hafez, said in an interview with “Al-Arabiya” that expectations indicate preparations to raise interest rates next year in the United States, which will affect European markets and the rest of the markets, in light of reducing the American unemployment rate relatively, and this applies to the situation. Britain is expected to witness a rate hike in light of the improvement in the level of unemployment.
This data comes from the British labor market amid inflation concerns, as the US Federal Reserve begins, today, Tuesday, its meetings It takes two days to determine monetary policyAnd he is expected to announce the end of his bond-buying stimulus program earlier than he previously indicated, which may also indicate the possibility of raising interest rates earlier during the next year.
The European Central Bank, the Bank of England and the Bank of Japan are also scheduled to hold monetary policy meetings this week.