UK Average Earnings incl. Bonus (3Mo/Yr) (May) 4.3% vs. Exp. 4.5% (Prev. 4.4%)

The UK average earnings growth has come in at 4.3%, slightly below the expected 4.5% and down from the previous 4.4%. This miss could imply a potential cooling in wage pressures, which may influence the Bank of England's policy outlook—if earnings continue to slow, it might reduce the urgency for further rate hikes. Watch for market reactions as this data feeds into the broader inflation narrative.