BTP TECHS: (Z5) Monitoring Resistance
* RES 4: 121.00 Round number resistance * RES 3: 120.74 High Aug 5 and the bull trigger * RES 2: 120...
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UK DATA: June PAYE-RTI Payrolls Revision Seems In Line With Estimates
From the ONS: "RTI payrolled employees decreased by 26,000 between May and June 2025"
This is an upward revision from -41k flash. Seems broadly in line with the range of revision estimates we had seen ahead of the release.
UK DATA: Labour Market Data Looks In Line At First Glance
At first glance, private sector regular pay looks in line with expectations at 4.8% Y/Y.
Unemployment rate at 4.7% is in line with Bloomberg consensus, but the analyst previews MNI had seen had suggested some upside risks.
PAYE payrolls monthly change smaller than expected, but still waiting on the revision to last months data.
Some modest sterling strength seen post release, with EURGBP falling 0.1% or so. Initial glance of the data doesn't seem enough to meaningfully shift the outlook following last weeks BOE meeting. More to follow.
MNI: UK JUL CLAIMANT CHG -6200
- MNI: UK JUL CLAIMANT CHG -6200
- UK JUL CLAIMANT RATE +4.4%
- UK JUN AVE WEEKLY EARNINGS +4.6% YY
- UK JUN AVE WEEKLY EARNINGS EX-BONUS +5% YY
