Personal Finance

Money markets on Friday were pricing in even less chance of a Bank of England rate rise in 2019 than on Thursday, with investors dialing back expectations of monetary tightening as Prime Minister Theresa May battles to salvage her Brexit deal.
Money markets no longer expect the Bank of England to hike interest rates in 2019, as investors slashed their bets on monetary tightening after Dominic Raab resigned on Thursday as Britain's Brexit minister.
British inflation unexpectedly held steady in October, according to data on Wednesday that raises the prospect that the rate could return to target faster than the Bank of England expects.
Average pay in Britain is rising at the fastest rate in nearly a decade, amid a record fall in the number of eastern European workers ahead of Brexit and business complaints about a shortage of qualified staff.
British employers do not expect to increase the average pay settlements they offer to staff over the coming year, an industry survey showed on Monday, raising questions about whether pay will pick up as the Bank of England predicts.

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