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GBP/USD: Higher than expected wage growth push the GBP up – Scotiabank

UK labour market data reflected a larger than expected jump in Average Weekly Earnings in October (to 5.2%, from 4.4%) while ex-bonus pay also rose (5.2%, from 4.9%), Scotiabank’s Chief FX Strategist Shaun Osborne notes, Scotiabank’s Chief FX Strategist Shaun Osborne notes.  

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