UK: Unemployment rate to stay at 4.2% - TDS

Analysts at TD Securities point out that UK labour market data for May is released, and they're looking for the unemployment rate to come in at 4.2% for the 4th month in a row (mkt 4.2%).

Key Quotes

“For wage growth we look for little change as well, with headline wages at 2.5% y/y (mkt 2.5%) and ex-bonus wages at 2.7% y/y (mkt 2.7%).”

“The BoE's Carney, Cunliffe, Stheeman, and Bailey appear before the Treasury Select Committee at 9am BST to discuss the latest Financial Stability Report.”

“Later in the day, the second of two key pieces of Brexit legislation, the Trade Bill, heads for a vote in the House of Commons.”