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PREVIEW: Wage Growth Seen Steady Near.......>

UK DATA
MNI (London)
UK DATA: PREVIEW: Wage Growth Seen Steady Near Highest Levels in Decade
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The July Labour Force Survey is due Tuesday (Aug claimant count) with little
overall change seen in the headlines numbers, with wage gains still seen running
at or close to the best levels in more than decade (June 2008 at 4%). If wages
pick up to 4% or higher in this release, it will pose a dilemma for the
Brexit-anxious Bank of England ahead of next week's Sept policy meet.
--UK July unemployment seen at 3.9% (June 3.9%)
--UK July unemployment change 3M +53,000 vs +115,000 June
--UK July total average earnings 3m Y/Y seen at 3.7% (June 3.7%)
--UK July average earnings ex-bonus seen at 3.8% (June 3.9%)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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