UK: Unemployment rate likely to hold steady - TDS

According to analysts at TD Securities, UK’s labour data for the three months ending December is released and is going to be the key economic release for today’s session.

Key Quotes

“We expect the unemployment rate to hold steady at 4.0% (mkt: 4.0%), while wages show incremental gains, with headline wages at 3.6% 3m/y (mkt: 3.5%), ex-bonus wages at 3.4% 3m/y (mkt: 3.4%), and the all-important core ex-bonus private sector measure rising to 3.5% 3m/y.”