The "Average Earnings Excluding Bonus (3Mo/Yr) — UK" measures how much regular pay (excluding bonuses) has increased for UK workers over the past three months compared to a year ago. Higher wage growth can signal rising inflation, which may lead to higher interest rates—often causing riskier assets like crypto and bitcoin to fall as investors move to safer investments. Conversely, slower wage growth can have the opposite effect, sometimes supporting crypto prices.

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