Saxo Group Videos

Just the job! 271,000 NFP a boost for December US rate rise

Another chance to watch Saxo Bank's Head of FX Strategy John Hardy give his live reaction to the latest nonfarm payroll US job numbers.

NFP: October 271,000 vs 185,000 consensus forecast.

Unemployment rate: 5%.

Average hourly earnings up 0.4% month on month and 2.5% year on year. A breakout from the trend and therefore a key number for US policy makers looking for slack being taken up in the economy.

John explains why GBPUSD is a big trading story in the wake of the numbers and underlines his view that the Fed will now go ahead with December rate rise; boosted by the strength of the new employment figures.

05:29 minutes
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