UK unemployment rate to hold steady at 4.3% - TDS

Analysts at TDS are looking for the UK unemployment rate to hold steady at 4.3% for September for the third month in a row.

Key Quotes

“We’re in line with the BoE though looking for it to slip to 4.2% before the end of the year. For wage growth we’re a tenth below consensus in looking for a small dip to 2.0% y/y in September, before picking up again into year-end. Private sector pay should look a bit stronger at 2.4% y/y.”

“EUR: Today brings day two of the ECB’s Central Bank Communications Conference, with the closing panel of the day at 10am featuring the ECB’s Praet and BoE’s Haldane. Also, the ECB’s Lane speaks in Dublin at 7am.”