Mixed Data for China and UK Sees Markets Tread Water in Europe
The UK jobs report was also a mixed bag, with wage growth remaining stubbornly high - and with upward revisions - but unemployment unexpectedly ticking higher to 3.8%. The BoE will no doubt be frustrated at the lack of progress on wages - particularly excluding bonuses - but if the move higher in unemployment is sustained, the additional slack in the labour market may give them confidence that they will come down.
Source: actionforex.com