BoE Deputy Governor Dave Ramsden defended his vote for a rate cut last week, pointing to signs of labor market weakness and a deteriorating outlook. Citing PAYE data, Ramsden noted that private sector payrolls are now “clearly in contractionary territory,” signaling rising slack in the economy. Ramsden acknowledged the decision to vote for a cut […]The post BoE’s Ramsden: Cites contraction in jobs, should respond to weaker outlook appeared first on Action Forex.