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GBP/USD: BOE to hike further after hot wage data, US stocks struggle on China and banking concerns

GBP/USD:  BOE to hike further after hot wage data, US stocks struggle on China and banking concerns
Record wage growth will keep the pressure on the BOE to deliver more tightening. The economy still has a tight labor market as companies need to pay their employees more money. The rise in the unemployment rate was due to more people returning to the workforce. Average pay excluding bonuses easily exceeded the consensus estimate […]... Read More
Posted: Aug 15 2023, 16:31
Author Name: marketpulse
Views: 101856

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