UK average earnings miss expectations. The pound down 50 pips vs USD

Market news

14 June 2017

UK average earnings miss expectations. The pound down 50 pips vs USD

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.1% including bonuses, and by 1.7% excluding bonuses, compared with a year earlier.

Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.4% including bonuses, and fell by 0.6% excluding bonuses, compared with a year earlier.

IEA: OECD oil stocks rose in april by 18.6 mln bbls to 3.045 bln bbls, 292 mln bbls above five-year average @livesquawk

UK unemployment rate stable at 4.6%

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