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What's the verdict on the UK jobs report?
The pound is getting a slight lift from the numbers with cable moving up from 1.2680 to 1.2700-10 at the moment. But is the report a straightforward positive one for sterling? Not quite.The standout is once again that wages continue to run hot in the UK, with ONS noting that June recorded the highest annual wage growth rate since comparable records began in 2001. Adding to that, we are now seeing real wages/earnings move back to positive territory for the first time since the end of 2021.Then, t...
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Posted: Aug 15 2023, 06:15
Author Name: forexlive
Views: 022167