U.S. CPI increased 0.2% last month after a similar gain in July. In the 12 months through August, the CPI increased 2.7%, slowing from July's 2.9% advance. Excluding the volatile food and energy components, the CPI edged up 0.1%. The so-called core CPI had increased by 0.2% for three straight months.

The BoE said its nine rate-setters voted unanimously to hold rates at 0.75%, in line with market expectations, and said there had been limited domestic developments since its August 2 meeting, other than on Brexit.

The unemployment rate in the UK held steady at 4% in the three months to July 2018, its joint-lowest since 1975 and in line with market consensus. The number of unemployed declined by 55k from the February to April period while employment rose by 3k and the number of job vacancies hit a fresh record high. Meanwhile, annual wage growth picked up from a nine-month low as businesses found it harder to recruit staff.

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