UK pay awards drop to lowest level in two years ...Middle East

UK Incomes Data Research survey of wage growth:median pay settlement awarded by major employers dropped to 4.0% in the three months to July, the lowest since August 2022 and down from 4.8% in the three months to JuneSubdued wage growth, if a 4& quarterly gain can be so described, keeps the Bank of England on track for further rate cuts. Wednesday brought earlier wages data from the UK:UK July ILO unemployment rate 4.1% vs 4.1% expected This article was written by Eamonn Sheridan at www.forexlive.com.

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