Flash: A thorn in Carneys side – Societe Generale

FXstreet.com (London) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted the UK data this morning.

Key Quotes:

“Solid employment gains and lower unemployment, continued softness in earnings growth, in contrast to the failure of CPI inflation to fall at all yesterday”.

“The wage share of UK GDP is taking a beating but employment growth will support demand, recovery continues and inflation will become an ever more frustrating thorn in Mr Carney's side”.

“Tomorrow sees retail sales data should have bounced from weather-induced softness in September”.