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UK wages Preview: UK wage set to rise supporting rate hike outlook
Even with the Brexit uncertainty weighing on the UK business investment and consumer spending, the UK labor market is solid and firm and the fresh labor market report for December due Tuesday, January 22 is expected to confirm it again. First and the foremost it is the average weekly earnings, or wages, that are set to dent the expectations of the Bank of England raising the Bank rate in May 2019 should Brexit deal confirm the UK leaving the European Union in pre-set term of March 29. The regular pay (excluding bonuses) is expected to increase 3.3% over the year in the three months to November, confirming the ... (full story)