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UK Unemployment Hits 5.0%, Wage Growth Slows to 3.4%, Pushing Gilt Yields and Pound Lower on May 19

GateNews

2026-05-19 10:11:54

According to data released on May 19, UK unemployment rose to 5.0% over the three months to March, while wage growth excluding bonuses slowed to 3.4%, causing gilt yields and the pound to decline. The softer labor market data signal weakness in employment.

Analyst Lee Hardman at Mitsubishi UFJ noted the figures reduce the likelihood of Bank of England interest rate hikes in coming months to combat inflation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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