UK · Average Earnings Excluding Bonus (3Mo/Yr): 3.7

Actual3.7

Forecast3.6

Previous3.5

Surprise +0.67σ

VerdictABOVE FORECAST

ReadGilts NEUTRAL · Equities NEUTRAL

UK · Average Earnings Excluding Bonus (3Mo/Yr): Actual 3.7, forecast 3.6, prev 3.5. Surprise: ABOVE FORECAST by 0.7 sigma. Desk read: Gilts NEUTRAL · Equities NEUTRAL.

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