Sees wage growth reaching 3% soon. Pushes GBPUSD higher on comments.

On wages, BOE's Haldane says:

  • very likely we will see a pickup in official wage growth data from January 2000 data onwards
  • expect average weekly wage earnings growth will soon reach 3%

Carney adds:

  • we are seeing a variety of indicators that are consistent with firming wage pressures
  • most recent figures still show firming and private sector wages ex bonuses, and high quality job creation

Sterling has bounced on the wage data headlines. Trades at 1.3989.