Country: GB | Published: 2026-09-16
UK labor data stays soft, with hiring cooling and wage growth easing ahead of the Bank of England's rate decision, though some commentary suggests a weak jobs market may not stop f
UK labor data stays soft, with hiring cooling and wage growth easing ahead of the Bank of England's rate decision, though some commentary suggests a weak jobs market may not stop further rate rises. Reports that the BoE may halt sales of long-dated gilts add a fresh wrinkle to bond market expectations, while grocery inflation continues to creep higher. London shares slipped as elevated oil prices lifted bond yields, and sterling remains subdued, keeping the overall tone defensive.