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Bank of England Quarterly Inflation Report: Real wage growth

FXStreet (London) - Responding to questions over real wage concerns:

Mark Carney: “We are starting to see encouraging signs in the labour market with signs of growth in real wages. With averages weekly wages forecasted to rise by 3 percent 2015 and inflation forecasts at 1-1.5 percent we should start to see some growth.”

BoE Quarterly Inflation Report: demand concerns

The global outlook has weakened since August. In the euro area, the United Kingdom’s largest trading partner, output grew only modestly in the first half of 2014. More timely survey indicators of activity and consumer and business confidence are consistent with continuing subdued growth. Growth has also slowed in some emerging economies, including China.
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Germany 2-year Notes auction up to -0.05% from previous -0.06%

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