The British Pound traded sideways against the US Dollar, following the UK Employment data set release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate lost 6 pips or 0.05% right after the release. The British Pound continued trading at the 1.2945 level against the Greenback.
Office for National Statistics released the UK Average Earnings Index data, which came out worse-than-expected of 3.2% compared with forecast 3.4%. Note, that the UK Unemployment Rate was released at the same time.
The UK labour market maintains its stability with a record number of people in work. The unemployment fell to 3.8%, the lowest level since the end of 1974.
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| Date | 11.12.18 | 22.01.19 | 19.02.19 | 16.04.19 | 14.05.19 |
|---|---|---|---|---|---|
| Actual | 3.3% | 3.4% | 3.4% | 3.5% | 3.2% |
| Forecast | 3.0% | 3.3% | 3.5% | 3.5% | 3.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.86864 | 0.86871 | 0.01% |
| GBP/CAD | 1.74314 | 1.74272 | -0.02% |
| GBP/JPY | 141.89800 | 141.83 | -0.05% |
| GBP/USD | 1.2945 | 1.29406 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 27.9% | 72.1% |
| GBP/CAD | 45.3% | 54.7% |
| GBP/JPY | 63.4% | 36.6% |
| GBP/USD | 51.2% | 48.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Wage Price Index q/q | 0.6% | 0.5% |
| 12:30 | CAD | CPI m/m | 0.7% | 0.7% |
| 12:30 | USD | Retail Sales m/m | 0.2% | 1.6% |