UK employers fear Brexit hit to economy, but plan more hiring – REC Survey

According to the latest survey conducted by the Recruitment and Employment Confederation (REC), the UK labor market showed a surprising strength even though the British employers are concerns about the looming economic prospects amid Brexit uncertainty.

Neil Carberry, the REC’s Chief Executive, noted: “The more positive figures on hiring for temporary workers suggest that many businesses are turning to agency work to help them navigate the unpredictability they currently face.” 

“This might be driven by waiting to see whether permanent hiring is justified, or by using additional labor to meet demand rather than making big capital investments.”

AUD/USD: Premium for put options rises with the weak Aussie CPI release

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Gold: Bears target $1263 amid broad USD demand

Gold dropped to the year’s low recently after the return of global traders were welcomed by upbeat US data and rising equities contrast to weak Aussie data.
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