Market News Briefing – Aug 17th 2016 09:30 (GMT+1)

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The UK unemployment figures were surprisingly good

The number seeking unemployment benefits fell by 8,600 people in July, the month following the vote on the UK exit from European Union.
The number of unemployed fell by 52 thousand in the quarter ended in June, to -1.64 million.
This is the lowest figure since the beginning of 2008,

The unemployment rate remained, as expected, unchanged at 4.9%.
The last time the unemployment rate was lower was in 2005.

The average wage grew by 2.4%, including bonuses, and by 2.3% excluding bonuses.

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