Breaking News

U.K. Average Earnings Index +Bonus

Latest Release

May 16, 2023

Actual

5.8%

Forecast

5.8%

The Average Earnings Index measures change in the price businesses and the government pay for labour, including bonuses. The Average Earnings figure gives us a good indication of personal income growth during the given month, but also potential inflationary pressures.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.

Importance:

Country:

Currency: GBP

Source: Office for National Statistics

Release Date	Time	Actual	Forecast	Previous
Jun 13, 2023 (Apr)	07:00			5.8%
May 16, 2023 (Mar)	07:00	5.8%	5.8%	5.8%
Apr 18, 2023 (Feb)	07:00	5.9%	5.1%	5.9%
Mar 14, 2023 (Jan)	08:00	5.7%	5.7%	6.0%
Feb 14, 2023 (Dec)	08:00	5.9%	6.2%	6.5%
Jan 17, 2023 (Nov)	08:00	6.4%	6.2%	6.2%

News

Sterling maintains losses after Bailey speech By Reuters - May 17, 2023 1

By Samuel Indyk LONDON (Reuters) - The pound slipped against a strengthening dollar on Wednesday and maintained its losses after Bank of England Governor Andrew Bailey reiterated he expected price...

Economic data suggests UK rate rises could be put on hold By Proactive Investors - May 16, 2023

Proactive Investors - Today’s figures on the jobs market and average earnings suggest the Bank of England’s rate rising spree is beginning to take effect raising hopes that a peak in...

UK unemployment rate unexpectedly ticks higher By Sharecast - May 16, 2023

Sharecast - The unemployment rate rose to 3.9% from 3.8% a month earlier, versus expectations for it to be unchanged. The increase was largely driven by people unemployed for over 12 months, the ONS...

Analysis

Nothing in UK wage data that screams the need for another rate hike By ING Economic and Financial Analysis - May 16, 2023 1

Last month’s surprisingly strong UK wage growth figure was almost certainly a key driver behind last week’s Bank of England decision to raise interest rates further. This month though, the...

FX Daily: Choppy Trading By Chris Turner - Apr 18, 2023

FX markets continue to be buffeted by opposing forces and are struggling to define short-term trends. Despite some positive Chinese activity data, Asian currencies are not rallying, suggesting that...

Week Ahead Preview: Flash PMI; CPI from Canada, Japan, NZ, UK; China activity data By Ryan Anderson - Apr 14, 2023 1

MON: South Korean Trade Balance R (Mar), German Flash GDP (Q1). TUE: RBA Minutes, Chinese GDP (Q1)/ Retail Sales (Mar)/ Industrial Production (Mar), UK Jobs Report (Feb/Mar), US Building Permits...

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