UK: Labour market report in focus – Danske Bank

Research Team at Danske Bank, suggests that today, attention will be on UK economic figures with the release of the labour market report for August.

Key Quotes

“The economy has been quite resilient to the Brexit uncertainties so far, hence, we do not expect a big impact on the labour market. The question is whether this will change soon, as we see a risk that business confidence and hence growth may take a hit from Theresa May's harsh stance on Brexit. We estimate the unemployment rate (3M average) and annual growth in average weekly earnings (excluding bonuses) were unchanged at 4.9% and 2.1%, respectively.”