Although the UK unemployment rate rose in the second quarter, wage growth accelerated more than expected, raising the chances of the Bank of England raising interest rates by another quarter-point in September. Data from the Office for National Statistics showed that the jobless rate rose to 4.2 percent in the three months to June, while it was forecast to remain unchanged at 4.0 percent. Pay-roll...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.