UK data shows continued strong wage growth ...Middle East

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Reuters with the info, on a survey covering wage negotiations: data based on 145 pay settlements covering 370,000 employeesemployers offered average annual pay settlements of 4.9% in the three months to June, unchanged from the previous monthThe implication:strong wage growth that may sustain the Bank of England's inflation worriesMore here:Official data showed average weekly earnings in the three months to June were 5.7% higher than a year earlier, almost double the increase most BoE policymakers view as compatible with consumer price inflation staying at its 2% target.---The Bank of England meet on August 1. This article was written by Eamonn Sheridan at www.forexlive.com

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