BoE sits tight too, but 3 wanted to hike/Muted firing's but slower hiring's/Productivity

Firstly, the Bank of England did nothing as expected but if it was up to 3 members, they would have hiked rates again. The other 6 wanted to stay put at 5.25% which compares to an inflation rate of 6.7% in the 12 months thru September. In the statement, just as the Powell did yesterday, they left themselves optionality to hike again but it looks like their form of staying to tight is to just keep rates elevated for a while and continue on with QT. "The MPC's latest projections indicate that monetary policy is likely to need to be restrictive for an extended period of time. Further tightening in monetary policy would be required if there were evidence of more persistent inflationary pressures." I say they are done too with rate hikes, though not so with QT. Gilt yields are falling sharply, both short and long rates, but the pound is rallying, along with many other currencies vs the US dollar. 

Before I get to the claims data, we saw this morning the Challenger Report for October and there was a drop in job cuts relative to September but up 9% y/o/y. They said, "Job cut plans have slowed significantly since the first half of the year, and consumers have continued to spend, even in the face of high inflation. That said, hiring also has slowed, workers are less likely to quit their jobs, and many companies are beginning to recognize the potential for AI in their workforces."