Market News
Sterling gets a lift from hotter UK wage growth - REUTERS
LONDON, Dec 17 (Reuters) - The pound rose on Tuesday, supported by data that showed UK wage growth picked up more than expected in the three months to October, which in turn raises the chances that the Bank of England will not rush to cut rates next year.
Average weekly earnings, excluding bonuses, were 5.2% higher in the three months to the end of October than a year earlier, the Office for National Statistics said.
A Reuters poll of economists had mostly forecast a rise of 5.0%.
