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Money Minute – Tuesday 21 January

Money Minute – Tuesday 21 January

Good morning and welcome to Money Minute,
where we preview the day’s biggest financial stories. This morning we get the latest labour market
data for the UK. The unemployment rate is expected to have
remained at 3.8% in November, which is the lowest level seen since 1975. Annual wage growth however is expected to
have edged lower, to 3.1% from 3.2%. That’s still well above inflation, which
should help to prop up consumer spending. However, it will also leave the Bank of England
with an opening to cut interest rates if the Bank’s members feel sufficiently pessimistic
to do so. On the corporate front, retailer Dixons Carphone
Warehouse delivers its Christmas trading update. Others reporting include budget airline Easyjet
and spread betting company IG. Over in Switzerland, US president Donald Trump
is due to speak at the annual Davos gathering of business people and politicians. Others attending include European Central
Bank boss Christine Lagarde, and British chancellor Sajid Javid. See you next time!

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