U.K. employment data - Ester Holdings
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U.K. employment data

  • Average earnings plus bonuses (December), fact 3.4%, forecast 3.5%.
  • Claimant count change  (January), fact 14.2K, forecast 12.3K.
  • Employment change, 3m / 3m (m / m), fact 167.0K, forecast 152.0K.
  • Unemployment rate (December), fact 4.0%, forecast 4.0%.

An employment report in the UK for December was restrained negative. The main negative factor in the report was the data on average earnings with bonuses, which slowed down and can confirm concerns about a slowdown in inflation in the UK. It is worth noting that the overall dynamics of employment indicators in the UK, despite unwarranted forecasts, continues to remain positive.

Fig. 1. U.K. average earnings with bonuses

 

Thus, an employment report in the UK can be considered restrained negative. The British pound on employment data has accelerated the decline against major competitors, but continues to depend on the general mood and dynamics of raw materials. The GBP/USD pair remains under the pressure of correction and trend change, limited to the trading range from 1.2950-1.2980 to 1.2880-60.

Fig. 2. GBP/USD chart. Current price – 1.2910

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