Pensions in the U.K. will increase by 8.5% in April.
There is a growing sense that the Bank of England will refrain from announcing another rate hike at its next policy meeting even though policymaker Mann said that overtightening is easier to rectify than not moving.
U.K.’s July three-month Employment Change -207,000 (expected -185,000; last -66,000), Average Earnings Index + Bonus 8.5% yr/yr (expected 8.2%; last 8.4%), and Unemployment Rate 4.3%, as expected (last 4.2%). August Claimant Count 900 (expected 17,100; last 7,400)