Bank of England Chief Economist Pill said that last week’s rate hike was made due to a concern about excessive momentum in the economy.
U.K.’s March three-month employment change 182,000 (expected 160,000; last 169,000) and March Unemployment Rate 3.9% (expected 3.8%; last 3.8%). March Average Earnings Index + Bonus 5.8% yr/yr, as expected (last 5.8%)