Sterling higher after record growth in UK wage packets
|Huge morning ahead with UK inflation & EU GDP numbers..
The Pound is trading at a 1-week high against the majority of currencies after momentum in wage growth continues in the UK. Annual wage growth for June when both including and excluding bonuses have reached new records. Wages are a key driver in the current UK inflation rate and with the numbers still too strong, it will be a risk for the BoE to stop raising interest rates.