Private Equity's Liquidation of London Goes On

UK unemployment rose to a near five-year high while wage growth eased, signaling continued labor-market deterioration. The softer data increases the odds of a Bank of England rate cut by spring, which is supportive for rate-sensitive assets but reflects weakening economic momentum.

Analysis

UK unemployment rose to a near five-year high while wage growth eased, signaling continued labor-market deterioration. The softer data increases the odds of a Bank of England rate cut by spring, which is supportive for rate-sensitive assets but reflects weakening economic momentum.