BoE Weighs Rate Hike Amid UK Wage Growth Spike
UK wage growth rose 3.5% in the three months to July 2025, according to official data released on Tuesday.
The figure matches economists' expectations and is a key indicator for the Bank of England's interest rate decisions.
The Bank of England is closely monitoring wage growth, inflation pressure, and higher energy prices caused by the Iran war to inform its interest rate decisions.
Investors are pricing in a roughly one-in-three chance of a quarter-point interest rate hike at the upcoming BoE meeting, with near-certain increases expected in November and December.