Home BoE’s Saunders: UK wage growth gradually picking up

BoE’s Saunders: UK wage growth gradually picking up

Published date: 3 Jul. 2018 | 10:16

BoE MPC member Michael Saunders, speaking to CNBC this Tuesday, was noted saying that bad weather effect on the economy is temporary.

Key quotes:

“¢ UK’s economy spare capacity is used up.
“¢ Wage growth is gradually picking up.

The comments had a rather muted effect on the British Pound, with the GBP/USD pair holding on to its daily gains near the 1.3175-80 region ahead of the UK construction PMI.

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