UK: Unemployment rate likely to remain unchanged at 3.9% – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the UK’s July employment report to broadly show no change in key data, with the unemployment rate unchanged at 3.9%, while headline wage growth repeats June's 3.7% 3m/y reading.

Key Quotes

“Ex-bonus wages might soften a bit to 3.7% 3m/y, but the more important private sector regular pay measure should stay at 3.9% 3m/y, with its 3-month growth rate at 5.0% annualized. The BoE recently pointed to wage costs as one of the key factors fueling domestic inflation.”

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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