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MORNING BID AMERICAS-Murky U.S. inflation picture

MORNING BID AMERICAS-Murky U.S. inflation picture
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Murky U.S. inflation picture

Bank of England Warns UK Pay Growth "Stubbornly High"

Bank of England Chief Economist Huw Pill said data on pay and inflation in the services sector are still “stubbornly high,” warning that there’s a risk price increases will be more persistent than policy makers expect.

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BOE Chief Economist Pill Warns UK Pay Growth Is 'Stubbornly High'

BOE Chief Economist Pill Warns UK Pay Growth Is 'Stubbornly High'
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European Shares May See Cautious Start As Rate Worries Cloud Outlook

European stocks are seen opening lower on Friday after Wall Street's main indexes closed notably lower overnight on interest-rate concerns. Asian markets traded lower as a stronger dollar and elevated Treasury yields dented sentiment.

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