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U.K. average earnings index rises 1.7% in November

Published 01/21/2015, 04:37 AM
© Reuters.  U.K. average earnings index rises in line with forecasts in November

Investing.com - The average earnings index in the U.K. increased in line with market expectations in the three months to November, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the average earnings index, including bonuses, rose by a seasonally adjusted 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October.

Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

GBP/USD was trading at 1.5084 from around 1.5154 ahead of the release of the data, while EUR/GBP was at 0.7674 from 0.7639 earlier.

Meanwhile, European stock markets remained mixed. London’s FTSE 100 tacked on 0.6%, the EURO STOXX 50 shed 0.1%, France's CAC 40 declined 0.1%, while Germany's DAX slumped 0.2%.

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