New spot for Mediterranean cuisine opens in Charlottetown | SaltWireLONDON -Britain's labour market showed more signs of cooling in the three months to July despite another month of strong pay growth, according to data that leave the Bank of England on track for a further interest rate hike next month.
The unemployment rate is already higher than the 4.1% the BoE had pencilled in for the third quarter as a whole, when it published its last set of forecasts in early August. Wages continued to rise quickly, and above the rate of inflation - something which most investors think will prompt the BoE to raise interest rates again on Sept. 22, although perhaps for the last time in the current cycle.
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