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Analysts at TD Securities point out that UK labour market data for May is released, and they’re looking for the unemployment rate to come in at 4.2% for the 4th month in a row (mkt 4.2%).

Key Quotes

“For wage growth we look for little change as well, with headline wages at 2.5% y/y (mkt 2.5%) and ex-bonus wages at 2.7% y/y (mkt 2.7%).”

“The BoE’s Carney, Cunliffe, Stheeman, and Bailey appear before the Treasury Select Committee at 9am BST to discuss the latest Financial Stability Report.”

“Later in the day, the second of two key pieces of Brexit legislation, the Trade Bill, heads for a vote in the House of Commons.”