The Office for National Statistics said workers' total including bonuses rose by an annual 2.3%, as expected and compared with 2.4% in the three months to July. Excluding bonuses, rose by 2.3% yoy against expectations for a 2.1% yoy rise.
rose to 0.9% in September and is expected to climb sharply towards 3% by the end of next year, reflecting the sharp fall in the value of the pound since the Brexit vote and threatening to hurt the spending power of workers. The Office for National Statistics said in real terms - measuring regular pay against - rose at their slowest pace since February 2015.
The GBP strengthened after British jobs report. There are two important support levels ahead – yesterday’s low at 0.8914 and 14-day at 0.8907. Breaking below these levels will open the way to our short-term position target at 0.8860.
GrowthAces.com - Daily Forex Trading Strategies