Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK wage settlements edged higher in the three months to April, but came in lower than corresponding deals a year ago, a Brightmine survey showed.
According to Brightmine, formerly known as XpertHR, median wage deals in the three months to April came in at 4.9% higher than a year ago, up from 4.6% in the period to March, and down from 6% in the equivalent quarter in 2023. Sheila Attwood, who leads the Brightmine survey, said "we are now noticing some stability, as the first April settlements are also centred on (the 5%) level." (See MNI INTERVIEW: UK Pay Deals Slow To Around 5% In H1-Brightmine)
The Bank of England remains focused on slowing, but still high, wage growth, and current data will be a key factor as policymakers decide on when to finally pull the trigger on rate cuts later this year, although their focus is turning now to the persistence of service inflation. (See MNI BRIEF: BOE's Pill Sees Scope For Rate Cut, Data Key).
Source: BrightMine (formerly XpertHR)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.