Pound Gains in Hopes of Real Wage Growth

Tuesday, 17th April 2018

Tuesday will see UK employment data published, and it is expected that unemployment will remain steady at 4.3 percent, with average earnings up by 3 percent over the three months leading up to February. If the data is expected, then this means that wage growth could overtake inflation for the first time in more than one year.

This could help to support a more hawkish tone at the Bank of Englandís next meeting in May,. Fiona Cincotta, a senior market analyst for City Index, said that the index has been weighed down by a combination of weak oil prices and a stronger pound, but the rally in the US has helped the FTSE.

Investors are looking to put the military bombings against Assadís regime behind them, and there is, fortunately, lots of other data for them to focus on. Oil prices have fallen as fears of tensions in the middle easy cool, and UK stocks struggled as WPPís stocks were sold off, following the resignation of Sir Martin Sorrell, who had been the boss of the advertising giant for more than 30 years. Sorrell is facing allegations of misconduct, but his resignation still forced shares down by 6.48 percent on the day.

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