Real wage growth squeeze to weigh over UK GDP - Tip TV

Regular pay growth in the UK rose by just 1.7% in the three months to April, falling further behind inflation, which rose to 2.9% in May. Mike Ingram, Strategist at BGC Partners says the real wage growth squeeze would weigh over the UK GDP.

Ingram adds, “The US macro picture is looking extremely soft”. He is surprised that the Fed is sticking with the balance sheet reduction story.

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