UK unemployment data carves a ‘clear path’ for Bank of England
Wage growth slows but unemployment rate decreases
Wage growth slows but unemployment rate decreases
Unemployment levels came in 20 basis points lower than the Bank of England’s forecast
UK rainfall during April was 155% higher than the long-term average
Latest data could ‘put a dampener’ on hope of a summer rate cut
Value stocks and smaller companies could benefit from a UK equity revival
ONS warns figures are ‘likely to be revised when more data is received next month’
Mixed data ‘muddies the waters’ for the Bank of England
60 basis points below the ONS’s growth figures released last month
Wage growth excluding bonuses eased to 7.7%
ONS introduces new process which uses tax data and benefit claims
Minimum volatility and quality assets best to protect against UK’s lacklustre economic environment
Signs the cost-of-living crisis is beginning to ease, though a September rate rise looks ‘bolted on’