Just noting this as a potential wage price inflation indicator in the UK. I wonlt be reading too much into it, but still:

  • Will raise its minimum wage to 8.40 pounds an hour
  • Workers in London to receive at least 9.45 pounds an hour
  • The British government is introducing a compulsory "national living wage" next April for workers aged over 25

More at Reuters

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GBP is barely moving