U.K. Unemployment Falls to 4.4%, Wages Top Estimates

The video discusses the UK's second quarter economic data, highlighting a drop in the unemployment rate to 4.4%, which was better than expected. Wage growth also slightly exceeded expectations at 2.1%. The Bank of England's target unemployment rate is 4.5% for stable inflation. Currency volatility is noted, particularly with the pound's movement against the US dollar and euro. Experts Tim Hayward and Michael Bell discuss the implications of wage data, considering the potential impact on the economy amid Brexit uncertainties.

What was the movement of the pound against the euro and the US dollar mentioned in the text?

What concerns were raised regarding the economy's performance in light of the wage data?