The Bank of England Governor Mark Carney told the Sunday Times on Sunday that the Bank of England don't need to wait for wage growth to rise its interest rate.

The average earnings index, including bonuses, dropped by 0.2% in the three months to June, missing expectations for a 0.1% decrease, after a 0.4% rise in the three months to May. The last month's figure was revised up from a 0.3% gain. That was first negative average earnings index since March-May 2009.