Latest data released by ONS - 5 January 2018
The data is an indicative measure of growth in employee compensation relative to real GDP output. It provides a rough measure of inflation in the UK economy - but that's probably something the BOE isn't too worried about right now.
The y/y reading of +1.3% is at its weakest since Q2 2015.
Markit isn't the only ones with the delay today, as the ONS also released their numbers 1 minute later. Gahh, and I thought I was going blind. D:
Meanwhile, cable has slipped further to 1.3527 - it hit session lows of 1.3524 earlier. As I mentioned here, the break below the 100-hour MA opens the door to a test of the 1.3500 level. That will be the ultimate make or break for cable in the near-term.
