Is Latest U.K. Labor Data the Calm Before a Brexit Storm?

British real wages are rising at the weakest pace since early 2015, data published Wednesday show, as oil prices and the weaker pound stoke inflation. The pressure looks set to intensify with employment growth slowing and some economists predicting price gains as fast as 3 percent next year. Signs of the crunch come a day after data showed inflation hit 1 percent in September, the fastest in almost two years. While wages are still rising faster, they may not be able to keep up for long. JPMorgan Asset Management Strategist Nandini Ramakrishnan discusses with Francine Lacqua on "Bloomberg Surveillance."

Macron Faces Street Protests Over Labor Reforms
26:36 - Strikes and demonstrations are planned across France today in response to President Macron's landmark labor market reforms. Bloomberg's Caroline Connan reports on "Bloomberg Markets: European Open." (Source: Bloomberg)
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