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UK Labor Market Preview: UK wages set to rise strongly in support of inflation and Sterling

From fxstreet.com

The UK regular pay that excludes the bonuses is expected to accelerate to 3.5% over three months ending in December while total pay including bonuses is seen up 3.4% over the year with the unemployment rate stuck to a four-decade low of 4.0% in January, the Office for National Statistics is expected to report on Tuesday, February 19 at 8:30 GMT. The claimant count or the number of people seeking unemployment benefits is expected to drop to 2.4K in January compared to 20.8K in the previous month. The UK labor market data is expected to support the GBP/USD in its corrective move upwards after Sterling broke away from ... (full story)

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  • Category: Fundamental Analysis