Market comment

Signs Brexit is weighing on UK jobs growth


Yesterday’s (September 10th) UK jobs data provided a bit more evidence that Brexit is weighing on jobs growth. However, with the labour market tight, the headline measure of UK pay growth accelerated above 4% above the first time. Nonetheless, despite signs of pay pressures, markets still see a 52% probability of the UK cutting rates by June 2020.

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Sep 11 2019, 08:15 IST/BST