The pound hit its highest level since the Brexit vote

Britain's Prime Minister Theresa May attends a Commonwealth Heads of Government Meeting Youth Forum in London

"The labour market continues to be strong, and for the first time in nearly a year, earnings have grown slightly after inflation has been taken into account", senior ONS statistician Matt Hughes said in a statement.

British households - whose spending is the main driver of the country's economy - have been hit by the double whammy of slow wage growth and a jump in inflation, due mostly to the fall in the value of the pound after the 2016 Brexit vote.

Unemployment figures, also released today, fell to a new post-1975 low of 4.2 per cent in February, down from 4.3 per cent in the previous month.

Facebook responds to how it collects data when you are logged out
Facebook is embroiled in controversy over how the company handles the sensitive information it collects from its 2 billion users. While we can debate on how true that actually is, it doesn't change the fact that it is happening and that it is concerning.

Wages in the three months to February were unchanged from the three months to January, official figures show. Markets expect rates to be raised by 25 basis points next month. This too is significant because the lower that unemployment falls, the tighter the labour market becomes, which bodes well for wage growth further down the line. This saw the Pound-to-Dollar rate quoted 0.04% lower at 1.4336, marking a reversal of an earlier 0.22% gain, while the Pound-to-Euro rate traded 0.11% lower at 1.1567.

Sterling's value has increased by more than 6% since the start of the year, and it is now "the darling of the currency world".

Sterling was flat against the euro.

Team news and latest from Premier League clash at St Mary's
Giroud told Sky Sports: "I said when I came in, I said to Eden: 'Come on, we need to fight until the end". They have to play for the club, for our fans, and to show great character like they did in this game.

Investors has said that the recent strong run was down to the United Kingdom raising interest rates, and the looming trade war speared by the US. Inflation over the period, as measured by the consumer price index, was around 2.9 percent. The BoE follows the CPI as its target for inflation.

Earnings grew an average of 2.8%, outstripping inflation for the first time in over a year. What is clear however, is that a failure to raise rates in May will be bad for Pound Sterling.

Last November the Bank of England hiked rates from 0.25 per cent to 0.5 per cent, and there are signs that another hike could be on the cards again soon - possibly as soon as May.

Olynyk helps Heat to Game 2 victory over 76ers
It wasn't, however, because he was in foul trouble (only one personal foul on the night). For the 76ers, Ben Simmons' 24 points, eight rebounds and eight assists were in vain.

At 1.1585, Sterling remains 13% lower against the Euro than it was on the morning of the Brexit referendum while the Pound-to-Dollar rate is only 1.1% below the 1.45 level it was at before the result became known.

Related News:

  • Gwyneth Paltrow Had The Most Star-Studded Engagement Party Ever

    Gwyneth Paltrow Had The Most Star-Studded Engagement Party Ever

    Having eloped with Chris, Gwyneth says she is treating this wedding as her first and is pulling out all the traditional stops. Gwyneth Paltrow expressed her gratitude to friends who have made her engagement party successful.
    MP calls on IEBC Chair Chebukati to resign

    MP calls on IEBC Chair Chebukati to resign

    He said their decision to resign demonstrates lack of capacity to lead in hard times and accommodate divergent views. He said he knew of their resignation through the media like every other Kenyan.
    Syria: missiles fired at air base near Homs

    Syria: missiles fired at air base near Homs

    Israeli interventions: Tel Aviv has carried out multiple airstrikes on Syrian government targets during the conflict. Overall, the United Nations estimates that 13 million Syrians including six million children need humanitarian aid.
  • Bat breaks as Bryce Harper's swing sends ball flying for home run

    Bat breaks as Bryce Harper's swing sends ball flying for home run

    According to MLB's website , the swing propelled the ball 406 feet, with an exit velocity of 99 miles per hour . These are just some of the reactions to the phenomenal swing by baseball's home run leader.
    Buhari holds closed door meeting with UK Prime Minister

    Buhari holds closed door meeting with UK Prime Minister

    He said: "it was a cheerful news to us today that President Muhammadu Buhari has accepted to run for a second term in office ". Buhari said recharging of the lake would reduce the number of youths coming to Europe to increase social problems.
    Modi leaves for Sweden on his three-nation tour of Europe

    Modi leaves for Sweden on his three-nation tour of Europe

    They say they want direct answers from PM Modi about why crimes against women, Dalits and minorities have increased in India. Besides Modi, prime ministers of Sweden, Finland, Norway, Denmark and Iceland will attend the summit.
  • Bodies of missing man, child found in submerged SUV

    Bodies of missing man, child found in submerged SUV

    Soon thereafter, search divers entered the water and were able to feel what they believed to be a person inside of the vehicle. Two days earlier, the body of Soumya Somanath Thottapilly, 38, was found seven miles north of where the crash occurred.
    Alfie Evans' parents lose legal fight to move son to Italian hospital

    Alfie Evans' parents lose legal fight to move son to Italian hospital

    Alfie, whose battle has inspired the support of thousands across the world, suffers from an undiagnosed brain disease. Last month, Mr Justice Hayden had ruled that it was in Alfie's best interests for his treatment to be withdrawn.
    Mainz vs. Freiburg affected by VAR farce, toilet-roll torrent

    Mainz vs. Freiburg affected by VAR farce, toilet-roll torrent

    Daniel Brosinski tried his luck before halftime when his shot took a deflection off Freiburg defender Marc Oliver Kempf's hand.
  • EDF (ECIFY) Raised to

    EDF (ECIFY) Raised to "Neutral" at Goldman Sachs Group Inc

    The Goldman Sachs Group, Inc operates as an investment banking , securities, and investment management company worldwide. Zacks Investment Research raised EDF from a sell rating to a hold rating in a research note on Monday, March 13th.
    Unnao rape case: CBI registers case against fourth accused

    Unnao rape case: CBI registers case against fourth accused

    In the FIR registered on April 11, the victim's mother had recorded her daughter's date of birth as August 17, 2002. Earlier, the CBI had on Saturday got the girl's medical examination done at Lucknow's Ram Manohar Lohia Hospital.
    Trump Campaign Raises $10.1 Million as Legal Matters Grow

    Trump Campaign Raises $10.1 Million as Legal Matters Grow

    Trump has opted - unlike presidents before him - to begin actively fundraising in the early part of his first term. Trump filed for reelection in the day when he took office, what was an unusual step for an incumbent President.


Most liked

A warehouse Sized Asteroid Said Hello To Earth
EDT (06:41 GMT) on Sunday, when the asteroid came just 192,000 kilometers (119,500 miles) away from Earth's atmosphere. But according to Andrew Rader, a researcher and engineer at SpaceX, 2018 GE3 is "vast enough to destroy a city".

America has 3 goals in Syria: US' Haley
Russian Federation and its ally Syria called the attack fabricated and said no evidence of chemical weapons use exists in Douma. She hit back on critics who argue the United States didn't go far enough because it had other interests in the war-torn nation.

Tamil Nadu government promises stringent action in assistant professor's case
The students were advised not to inform anyone, but the teacher said they were free to inform their parents if they wished. During the conversation, Devi says she has access to the Governor and adds that "he is not a grandfather anyway".

LHC bans Ex PM's contemptuous speeches, CJP takes sou motu notice
Sharif, 68, is facing three corruption cases linked to the Panama Papers case in an anti-graft court. The PML-N leader said the people didn't have freedom of speech, should they be made deaf and dumb?

Man City equal top-flight record for earliest title win
City nearly secured their status as champions last weekend, as they went into half-time against United with a two goal lead. Unfiltered with James O'BrienThis week: Russell Kane on stand-up comedy, family, relationships, class and success.

Five uncapped players in Pakistan's Cricket Test squad
Mohammad Amir will lead the pace attack, for which Rahat Ali was recalled, but there was no place for Wahab Riaz. Pakistan will then play two Tests against England - at Lord's (May 24-28) and Headingley (June 1-5).

Tensions high during CCS board meeting about superintendent search
That's because the school board will be voting on a new superintendent - and on the new superintendent's proposed contract. Spivey said he wasn't accusing anyone of wrongdoing, but he is concerned about the integrity of the School Board.

Thug Granny Attacks A Black Woman Who Is A Solider And Pregnant
Tucker's daughter Angie also tried taking the soldier's phone, claiming that her mother had been assaulted and was bleeding. The constable, who lives in Mpolweni, handed himself over at the New Hanover police station after the incident.

Amber Rudd: Windrush generation treatment 'appalling'
Labour's shadow home secretary Diane Abbott told Ms Rudd the Government "must consider" offering compensation to those affected. One of the first ships to bring West Indian immigrants to London in 1948 was called 'Empire Windrush' , hence the name.

Brixton Stabbing: Man Arrested On Suspicion Of Murdering Woman
A Metropolitan Police spokesman said: "Formal identification and a post-mortem examination will be arranged in due course". A 19-year-old man was arrested on suspicion of affray near the scene of another separate attack in Haringey, north London.

Hotel Artemis Trailer Attempts To Combine Smokin' Aces With John Wick
Her man-nurse, played by the physically imposing former wrestler Dave Bautista , is the one who enforces the rules. Such is the tagline for the new Jodie Foster thriller , and now you can check out the Hotel Artemis trailer here.

Boston Bruins: The B's were unable to execute in game 3
The speed was most noticeable in the neutral zone and the skill most particularly on Matthews' game victor in the second period. Dominic Moore , a healthy scratch in the first two games of the series, was added to the lineup Monday in place of Komarov.

Colorado teachers plan their own Capitol rally Monday
On the other hand, the PERA proposal could include changes to the retirement age and other measures to shore up the vastly underfunded program within 30 years.

Actor Harry Anderson of 'Night Court' series is dead
He went on to reunite with Larroquette with a guest-starring role in The John Larroquette Show in 1996. According to a report from Variety , Anderson was found dead at his home in Asheville, North Carolina.

California won't participate in USA border security operation
But Brown reportedly insisted that California's troops have nothing to do with immigration enforcement. Salesses says there is no estimate for the operation's cost, which is funded by the US government.