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UK: Headline earnings growth should continue to rise - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - In the UK, headline earnings growth should continue to rise, according to Societe Generale.

    Key Quotes

    "PM Cameron formally outlined the goals for reforming the EU (to protect the single market; enhance EU competitiveness; exclude the UK from the promise of “ever closer union”; and restrict access to welfare payments for migrant workers)."

    "On the data front, the unemployment rate should be steady at 5.4% but the claimant count is likely to rise again by 5k. Headline total earnings growth should pick up to 3.3% 3mth yoy."

    "BoE Governor Carney will be delivering a speech later today. On Thursday, the October RICS Housing Survey should provide reassurance that mortgage approvals are still on an upward trend."
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