Uk jobs and wages data now out 16 Aug
– 1.9% prev revised up from 1.8%
– 2.1% vs 2.0% exp/prev
– claimant count rate 2.3% as prev
– -4.2k vs 3.5k prev revised from 5,9k
Stronger wages data helps lift the pound but perversely lessens the chance of a BOE rate hike IMHO given that it lessens the