UK Regular Wages Grow 3.5 Percent
British regular wages grew by 3.5 percent in the three months to July matching economists expectations. The data comes as the Bank of England weighs potential interest rate hikes amid energy price pressures.
British regular wages grew by 3.5% in the three months to July compared with the same period a year earlier, according to official data released on Tuesday morning. The reading matched the consensus forecast of economists polled by Reuters. The data arrives as the United Kingdom faces renewed inflation risks from energy markets.
