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Podcast: Beyond Currency
Episode: 15th February 2022 - Wage pressures not yet manifesting themselves
Description: "Today’s release of employment data for January is unlikely to have any significant effect on the market, since jobs data has now settled into a range that is positive but not dramatically so.
Average earnings remain steady well below 4%, but that may change when public sector bargaining begins.
The release of inflation data tomorrow will more likely see a reaction from traders. It is expected that inflation will have only risen slightly in January as signs that price rises are beginning to moderate are seen.
However, the price of fuel at the pump reached another record high yesterday as th...