Bank of England policymaker Swati Dhingra said on Tuesday, “labor market is really loosening, I do not see further wage growth momentum.
” Additional quotes Average weekly earnings data appear to give a more inflated picture of wage outlook than other measures. I expect some letting-up of wage growth. We should see some relenting of domestic inflation pressures. Market reaction GBP/USD is consolidating losses following the above comments, keeping its range at around 1.2160, down 0.42% on the day.