UK average weekly earnings increased by 2.1% in July, less than expected. GBP/USD down 50 pips from session highs

Market news

13 September 2017

UK average weekly earnings increased by 2.1% in July, less than expected. GBP/USD down 50 pips from session highs

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%, both including and 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%, both including and excluding bonuses, compared with a year earlier.

Eurozone: Industrial Production (YoY), July 3.2% (forecast 3.4%)

UK unemployment rate declined 0.1% to 4.3% in July

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