The Body Shop UK falls into administration; UK wage growth and US inflation hit rate cut hopes – as it happened
by Graeme Wearden from Economics | The Guardian on (#6JK6Q)
The Body Shop has collapsed into administration in the UK, less than three months after it was taken over by a private equity company
- The Body Shop collapses into administration in UK
- Scent of a generation': the Body Shop products consumers loved
Analysts at Nomura predict the Bank of England could resist cutting UK interest rates until this summer.
They say this morning's labour market data was stronger than expected, adding:
Although BoE governor Bailey said that March was live for cuts, we think stronger- than-expected wage growth and a still tightening labour market support the Bank cutting only in August.
December wage growth was stronger than expected, with upward revisions to the November print. The unemployment rate declined, compared with forecasts for a rise.
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