UK pay growth eased at a slower than expected pace in the fourth quarter and created a bumpy road ahead for an interest rate cut as the Bank of England awaits more signs of easing in the labor market.
The UK wage growth softened in the three months to November suggesting that the upward inflationary pressures are cooling, and bolsters the case for interest rate cuts by the Bank of England.
UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment repo