Market Focus

On Wednesday, February 21, 2018, attention should be paid to the data on the UK, namely, unemployment and wage rates. Unemployment rates indicate a strength in the labor market, which has a direct impact on consumer spending and economic growth. Data on wages indicate the welfare of the population, which also affects consumer spending and, accordingly, an economic growth.

According to the forecast, the unemployment rate remained at the level of 4.3% in December. The change in the number of applications for unemployment benefits was 7.3 thousand in December, which is lower than the previous value of 8.6 thousand. The average weekly income, total payments remain at 2.5%. The release of data within the forecast will support the pound, against the background of which one should expect the strengthening of the British within 30-40 points against competitors.

Alexander Sivtsov