There is speculation that the Bank of England will announce another rate hike at next week’s meeting after above-consensus wage growth in April.
U.K.’s April Average Earnings Index + Bonus 6.5% yr/yr (expected 6.1%; last 6.1%), April three-month employment change 250,000 (expected 150,000; last 182,000), April Unemployment Rate 3.8% (expected 4.0%; last 3.9%). May Claimant Count change -13,600 (expected 21,400; last 23,400)