# Pound Sterling Rises Amidst Signs UK Wages will Begin to Accelerate

> UK wages rose 2.4% in the three months to November 2017, a faster pace than the 2.3% economists expected and the strongest growth in a year. The ONS reported unemployment held at 4.3%, a four-decade low, and the pound edged higher against the euro and dollar on the data. Markets are now watching the Bank of England for its response to the wage pickup.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/67239-pound-sterling-rises-amidst-signs-uk-wages-will-begin-to-accelerate
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Faster wage growth raises expectations of Bank of England rate hikes, which supports sterling and changes the dollar cost of imported feed for UK buyers. The direct effect on feed prices is small.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/8374-pound-rises-as-markets-await-the-latest-on-uk-unemployment-and-wage-packets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.