# Pound Weakens as UK Data Shows Slowing Jobs

> UK labor data signals weaker pound ahead of BoE decision
- Title: Pound Weakens as UK Data Shows Slowing Jobs · TradingView
- Summary: UK labor data signals weaker pound ahead of BoE decision Slowing wage growth and job vacancies reduce BoE rate hike chances
- Keywords: labor market, bank of england, gbp, us dollar, inflation, business, finance, Pound, Weakens, Data, Shows, Slowing
- Source: TradingView — https://tradingview.com/chart/GBPUSD/7sMQViUR-Fundamental-Market-Analysis-for-September-16-2026-GBPUSD
- Published: 2026-09-16T05:03:21+00:00
- Read time: 1 min
- Topics: uk, labor market, bank of england, gbp, us dollar, inflation, business, finance
## UK labor data weakens pound
Wage growth excluding bonuses slowed to 3.5%, job vacancies fell to 702 thousand, and employment on payrolls decreased in August.

> Wage growth excluding bonuses slowed to 3.5 percent, job vacancies fell to 702 thousand, and employment on payrolls decreased in August.
## August inflation data expected
The market awaits UK inflation data for August, with consensus expecting headline inflation to accelerate to 3.1%.
## BoE rate decision approaching
The Bank of England's decision is expected on Thursday, with rates likely to remain unchanged.
## Oil prices create double risk
Expensive oil intensifies price pressures while increasing costs for businesses and households.
## Dollar maintains strength
The dollar retains its advantage ahead of the Fed's decision amid high US bond yields.
## Key takeaway

Slowing wage growth and job vacancies reduce BoE rate hike chances