U.K.’s June Average Earnings Index + Bonus 8.2% yr/yr (expected 7.3%; last 7.2%). June three-month employment change -66,000 (expected 75,000; last 102,000) and Unemployment Rate 4.2% (expected 4.0%; last 4.0%).
The U.K. reported an unexpected increase in its Unemployment Rate while earnings growth exceeded June expectations after public sector workers received a raise, which is boosting expectations for another BoE rate hike in September.
Retailer Marks & Spencer raised its profit outlook for the year.