U.K. employment data - Ester Holdings
|

U.K. employment data

  • The average salary level including premiums (Mar), fact 3.2%, forecast 3.4%.
  • Claimant change (Apr), fact 24.7K, forecast 24.2K.
  • Employment change, 3m / 3m (m/m), fact 99.0K, forecast 141.0K.
  • Unemployment (mar), fact 3.8%, forecast 3.9%.

The employment report in the UK for April turned out to be quite ambiguous, showing a slowdown in wages and an increase in applications for benefits. At the same time, the overall unemployment rate in the UK has fallen to historic lows. Fear is caused by slow wage growth, which is not conducive to inflation, and the number of applications for unemployment benefits, but of which the market has focused.

Fig. 1. Graph of average salary with premiums in the UK

The British pound almost did not respond to employment data. Very weak static expectations were more justified and the market already took into account this report in the value of a pound.

We should also highlight the growth of stock indices in Europe, which may increase the pressure on the British. The overall dynamics of the British pound remains downward, occasionally limited to oversold. The GBP/USD pair is limited to oversold, keeping the downward channel. Resistance levels: 1.3000 and 1.3030, support: 1.2900 and 1.2880.

Fig. 2. GBP/USD chart. Current price – 1.2940

Read also: “The Eurozone and the state of its economy
based on key economic indicators “

Hanzenko Anton


Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. Skills each investor must develop
  2. What is interesting about the US Fed meeting in April  and how it can affect the world banks policy?
  3. Stock Indices: Storming Historic Highs

Current Investment ideas:

  1. CAT shares give SUPER-opportunity to earn in April!
  2. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
  3. Several reasons to buy Walmart shares. Use the chance to earn!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?