Employment data in the UK
- Average earnings (including bonuses) in the UK, fact 2.5%, forecast 2.5%
- Change in the number of applications for unemployment benefits in the UK, fact 7.8K, the forecast 2.3K.
- The unemployment rate in the UK, fact 4.2%, forecast 4.2%.
The employment report in the UK was very ambiguous. So, the growth of applications for unemployment benefits is definitely a negative factor. But the revised wage values slightly softened the negative impact of the report, not to mention the fact that unemployment remains at historic lows.
Fig. 1. Chart of applications for unemployment benefits in the UK
The pair GBP / USD practically didn’t react due to the weakness of the American dollar. In crosses, the pound has even strengthened, but is limited by existing trends.
Fig. 2. GBP / USD chart. Current price – 1.3260
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Hanzenko Anton
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