Sentiment data from Oxford Economics, which was developed in collaboration with Penta, suggests that momentum in UK wage growth is much stronger than the MPC expects. Because of this, once official data catches up, it will likely pressurize the Bank of England to tighten policy in order to get inflation under control.
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Penta and Oxford Economics’ partnership delivers real-time sentiment data that exhibits changes in market sentiment. Learn more about how Penta’s cutting-edge intelligence techniques and industry expertise can deliver actionable insights and drive measurable impact for your business here.