UK Average Earnings ex-Bonus rose 7.8% 3M YoY in August, as expected

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Wage inflation in the United Kingdom (UK), as measured by the change in the Average Earnings Excluding Bonus, rose 7.8% 3M YoY in August, as against a

7.9% increase registered in July, the partial labor data released by the Office for National Statistics showed on Tuesday. The market expectation was for a 7.8% increase. Average Earnings Including Bonus rose 8.1% in the same period, at a slightly weaker pace than analysts' estimate of 8.3%.The August increase in pay growth was of 8.5%. In September, 11,000 fewer people were in payrolled employment when compared with August. Additional details UK vacancies 988,000 in three months to Sept.

The data was expected to have little impact on the Pound Sterling as the Bank of England Monetary Policy Committee threw cold water on pay growth data at the September meeting. Pound Sterling price today The table below shows the percentage change of Pound Sterling against listed major currencies today. Pound Sterling was the weakest against the Australian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.11% 0.16% 0.06% -0.24% 0.02% 0.04% 0.09% EUR -0.10% 0.07% -0.04% -0.34% -0.09% -0.05% 0.

 

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