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Breaking: GBP/USD rises towards 1.3050 as UK wages beat estimates with 3.2%

  • The UK wages excluding bonuses rose by 3.4% YoY vs. +3.4% expected.
  • The UK wages including bonuses rose by 3.2% YoY vs. +3.1% expected.
  • The UK unemployment rate steadies at 3.8% in November.

 

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 Levels to watch

 

United Kingdom Claimant Count Rate remains unchanged at 3.5% in December

United Kingdom Claimant Count Rate remains unchanged at 3.5% in December
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GBP/USD jumps to session tops, closer to mid-1.3000s on upbeat UK jobs data

The GBP/USD pair edged up and refreshed daily tops, around the 1.3035-40 region in reaction to better-than-expected UK employment details. The pair ad
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