date:Aug 13, 2014
time of record-low wage growth. The Bank of England may revise its pay forecasts in its Inflation Report tomorrow, which Governor Mark Carney will release at a press conference in London.
Prolonged discounting campaigns may be good news for consumers, but must be being felt deeply by the retailers, said David McCorquodale at KPMG. Its likely these price wars are here to stay for the foreseeable future.
The pound fell 0.1 per cent against the dollar to $1.6768 at 9:50 a.m. in London.
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