UK Average Earnings excl. Bonus (3Mo/Yr) (Nov) 4.5% vs. Exp. 4.5% (Prev. 4.6%)

UK Average Earnings excl. Bonus (3Mo/Yr) (Nov) 4.5% vs. Exp. 4.5% (Prev. 4.6%)

The UK average earnings excluding bonuses matched expectations for November at 4.5%, but it slightly fell from the previous 4.6%. While this alignment with consensus indicates stability, the decline from the prior figure could signal softening wage growth, which may have implications for inflationary pressures in the UK economy. The steady figure, however, keeps the BoE's rate considerations in focus amidst a complex inflation and growth backdrop.