The employment data just released would make it difficult for Governor Andrew Bailey to support interest rate cuts at the Bank of England meeting this week. Private sector wage growth slowed less than expected in October, but it is still moving towards meeting central bank predictions. The relaxed trend in the job market showed little sign of abating.

The employment data just released would make it difficult for Governor Andrew Bailey to support interest rate cuts at the Bank of England meeting this week. Private sector wage growth slowed less than expected in October, but it is still moving towards meeting central bank predictions. The relaxed trend in the job market showed little sign of abating.