UK unemployment hit its lowest level since August 2008.

The unemployment rate in the UK eased to 5.4% in August, a seven-year low. The number was a bit better than the 5.5% print that economists were forecasting. Wages excluding bonuses were up 2.8% YoY and up 3% YoY with bonuses. Business Insider UK's Mike Bird noted, "In real terms, with UK consumer price inflation bumping around zero, pay increases that would previously have been modest are much more impressive." The British pound is higher by 0.8% at 1.5365 per dolla