UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Britain’s unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to...

ECB’s Draghi will not deliver fresh policy steer at Jackson Hole: Sources

Expectations for the speech had been building in recent weeks with investors pointing to next Friday’s event as the likely kick off in the ECB’s debate how to recalibrate monetary policy given solid growth, rapidly falling unemployment but persistently...