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macroJun 18, 2026, 7:01 AM

UK labour data mixed, Deutsche Bank says MPC patience extended

Deutsche Bank's chief UK economist notes that recent UK labour market figures show stronger employment but softer pay growth, keeping the MPC in a wait-and-see mode.

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Deutsche Bank chief UK economist Sanjay Raja stated that the latest UK labour market data delivered mixed signals. Employment indicators strengthened, while pay dynamics softened, indicating the jobs market remains in flux.

The mixed readings suggest the Bank of England’s Monetary Policy Committee will maintain its current cautious stance. The data does not provide a clear directional push for near-term policy changes, reinforcing the wait-and-see approach.

Market participants are now closely watching upcoming wage and inflation releases for further clarity on the MPC’s next move.

Source: FXStreet Forex News