UK Unemployment Rate Forecast: Number of out-of-work to rise, earnings to hold key for Pound Sterling

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• Office for National Statistics will release the UK labor market report at 06:00 GMT on September 12.
• The Unemployment Rate in the United Kingdom is set to rise to 4.3% in the quarter to July.
• The UK jobs and wage inflation data could have a strong bearing on the BoE interest rate outlook.

Following the recent dovish remarks from Bank of England (BoE) Governor Andrew Bailey, the United Kingdom’s (UK) labor market report, due to be published by the Office for National Statistics (ONS) on Tuesday, will hold significance in gauging the next interest rate move by the central bank.