UK private regular pay growth picks up to 3.04% in August
UK private sector regular pay rose 3.04% year on year over three months to August, up from a revised 2.92% in July, per TradingView and RTT News.
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what happened
UK wage data for August, published by TradingView citing RTT News and dpa-AFX, show private sector pay growth accelerating. Regular pay over three months rose 3.04% year on year, against a revised 2.92% in July.
The single-month rate eased to 3.06% from 3.09%. Revisions to July lifted both earlier readings: the three-month rate from an initial 2.87%, and the single-month rate from 2.94%.
why it matters
Wage growth is one of the key inputs for Bank of England rate decisions, so faster pay gains feed into expectations for monetary policy. Stronger earnings growth adds to inflation concerns and can support the pound and gilt yields.
market impact
GBP and gilts: firmer wage growth strengthens expectations of tighter Bank of England policy.
tags
instruments
sources
- UK JUL AWE PRIV REG PAY REVIS: 2.92% 3M Y/Y (2.87% INITIAL); 3.09% SGL MO Y/Y (2.94% INITIAL) — TradingView, 20 October 2026 at 06:26 UTC
- UK AUG AWE PRIV REG PAY 3.04% 3M Y/Y (2.92% JUL); 3.06% SGL MO Y/Y (3.09% JUL) — TradingView, 20 October 2026 at 06:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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