Page 3 - Average Earnings News Today

By James Glynn SYDNEY--A big fall in Australian real wages over the last two years looks like it is ending with advertised wage increases outstripping...

The GBP/USD pair posts modest gains below the mid-1.2600s during the early Asian session on Wednesday.

The United Kingdom’s (UK) ILO Unemployment Rate remained intact at 4.2% in three months to November, data published by the Office for National Statistics (ONS) showed Tuesday.

The Pound Sterling (GBP) falls sharply on Tuesday's European morning session as the United Kingdom Office for National Statistics (ONS) reported a sharp slowdown in the Average Earnings data for three months ending November.

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The GBP/USD fell back once more on Monday, testing 1.2715 after a short-lived rally at the Modnay open reversed course.

The Pound Sterling (GBP) remains muted as investors await the United Kingdom labor market data for three-months ending November, which will be published on Tuesday.

Major European equity indexes broadly gained ground on Friday, stepping up ahead of the trading week’s close after UK Gross Domestic Product (GDP) grew more than expected.

A surprisingly strong December jobs report, highlighted by an uptick in wage growth, keeps the spotlight on inflation early in the new year.

A barometer of business conditions at service-oriented companies fell in December to a seven-month low, suggesting a hiccup for the U.S. economy.