Sticky wages growth is one of the few positives for the British pound right now, keeping the Bank of England (BOE) sufficiently concerned enough to contemplate continuing hiking rates given the strong linkages with services inflation. With an update on the wages front arriving later Tuesday with employment data for July, it’s an opportune time to look at recent wage trends, especially with GBP/USD sitting at an interesting juncture on the charts. A month ago in June, the UK Office for National Statistics (ONS) reported wages ex bonuses soared 7.8% from a year earlier, the highest level ever reported dating back to ... (full story)