Data for July shows UK's unemployment rate at 4.2%, defying forecasts and potentially leading to rising wages. Wage growth slowed to 5.4% in the three months till June, the slowest in two years.
High interest rates maintained by the Bank of England to continue at 5%, but could change based on upcoming economic data. Slowdown in wage growth hits 5.4% in June, offering slight relief when adjusted for inflation.
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