UK: Unemployment rate likely to hold steady at 3.9% - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts point out that the UK’s employment report for the three months ending February is released and will be a key economic release for today’s session.

Key Quotes

“We look for the unemployment rate to hold steady at 3.9%, while headline wage growth rises a tick to 3.5% 3m/y and ex-bonus wages slip a tick to 3.3% 3m/y. The important private sector regular pay figure is likely to remain stable at 3.5% 3m/y for the fourth consecutive month, its fastest pace of growth since 2008.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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