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GBP/USD slips back below 1.30 as UK wages miss estimates with 2.9%

  • The UK wages excluding bonuses rose by 3.2% YoY vs. +3.3% expected.
  • The UK wages including bonuses rose by 2.9% YoY vs. +3.0% expected.
  • The UK unemployment rate steadies at 3.8% in December.

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).

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