FX.co ★ UK Wage Growth Eases in February as Average Earnings Index Slips to 3.8%

The pace of wage growth in the United Kingdom moderated in February 2026, with the Average Earnings Index including bonuses easing to 3.8%. This marks a slowdown from January 2026, when the indicator stood at 4.1%.

The February reading, updated on 21 April 2026, underscores a softening in earnings momentum across the UK labour market. While wages are still rising, the deceleration may influence expectations around household income growth and could factor into market views on the future path of monetary policy and inflation dynamics. Investors and policymakers will be watching upcoming releases closely to see whether this trend continues or stabilises in the coming months.