British Average earnings index rises 2.4% in June

© Reuters. U.K. average earnings index rises less than forecast in June

The normal income record in the U.K. expanded not exactly expected in the three months to June, hosing the case for higher interest rates, official information indicated on Wednesday. 

In a report, the U.K. Office for National Measurements said that the normal profit record, including rewards, ascended by a regularly balanced 2.4% in the three months to June, missing gauges for an addition of 2.8% and in the wake of expanding by 3.2% in the three months to May. 

Barring rewards, wages ascended by 2.8% in the three months to June, in accordance with desires and taking after a 2.8% expansion in the three months to May. 

GBP/USD was exchanging at 1.5555 from around 1.5591 in front of the arrival of the information, while EUR/GBP was at 0.7166 from 0.7141 prior. 

In the interim, European securities exchanges clutched sharp misfortunes. London's FTSE 100dropped 1.4%, the EURO STOXX 50 tumbled 2.2%, France's CAC 40 dove 2.3%, while Germany's DAX sank 2.2%.

Culled from : Investing.com