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UK data shows continued strong wage growth

Reuters with the info, on a survey covering wage negotiations:

  • data based on 145 pay settlements covering 370,000 employees
  • employers offered
    average annual pay settlements of 4.9% in the three months to
    June, unchanged from the previous month

The implication:

  • strong wage growth that may sustain the
    Bank of England’s inflation worries

More here:

The Bank of England meet on August 1.

This article was written by Eamonn Sheridan at www.forexlive.com.

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