UK: Focus on labour market data - TDS

In view of the analysts at TDS, UK labour statistics for the three months ending in February will be the most important economic release for the day.

Key Quotes

“We and the market expect the unemployment rate to hold at its multi-decade low of 4.7%, but wage growth is likely to decelerate, with headline wage growth slowing to 2.1% 3m/y (consensus: 2.2%) and the more important ex-bonus private sector wage growth falling from 2.6% 3m/y to 2.2% 3m/y. Governor Carney gives a speech at 9:30am BST this morning, but the topic is fintech so he is unlikely to comment on monetary policy.”