GBP: Average Earnings Index 3m/y

The Average Earnings Index 3m/y stood at 4.4%, which is lower than the forecast of 4.5% and the previous result. This outcome may suggest a weakening of inflationary pressures in the labor market, which is significant for the future monetary policy of the Bank of England. In response to this data, a depreciation of the British pound and a potential rise in stock indices can be expected, as lower wages may alleviate concerns about further interest rate hikes. It is important to monitor market sentiment and volatility in the currency market, as well as the reaction of the yield curve and the DXY index.