Wage rises are certainly sliding: it’s only 2.4% y/y with bonuses or 2% excluding bonuses. The sliver lining is that the unemployment rate dropped to 5.2%, better than expected. Jobless claims rose more than expected, 3.9K in November.

GBP/USD is struggling on low ground. It seems that this outcome was anticipated if not leaked.

Read the rest of the article UK wages only 2.4% – GBP/USD struggles