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17 Mar 2020

GBP/USD remains pressured below 1.22 as UK jobless rate ticks higher to 3.9% in Jan

  • The UK wages excluding bonuses rose by 3.1% YoY vs. +3.2% expected.
  • The wages including bonuses rose by 3.1% YoY vs. +3.0% expected.
  • The unemployment rate in the UK rises to 3.9% in January.

more to come ...

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

GBP/USD technical levels to watch 

 

Mar 17, 2020

United Kingdom Claimant Count Rate increased to 3.5% in February from previous 3.4%

United Kingdom Claimant Count Rate increased to 3.5% in February from previous 3.4%
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Mar 17, 2020

GBP/JPY slides further below 130.00 mark, closer to multi-month lows post-UK jobs data

The selling pressure around the British pound picked up pace in the last hour and dragged the G BP/JPY cross further below the key 130.00 psychologica
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