UK · Average Earnings Including Bonus (3Mo/Yr): 3.7

Actual3.7

Forecast3.8

Previous3.9

Surprise -0.67σ

VerdictBELOW FORECAST

ReadGilts NEUTRAL · Equities NEUTRAL

UK · Average Earnings Including Bonus (3Mo/Yr): Actual 3.7, forecast 3.8, prev 3.9. Surprise: BELOW FORECAST by 0.7 sigma. Desk read: Gilts NEUTRAL · Equities NEUTRAL.

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