The British Pound traded sideways against the US Dollar, following the UK Average Earnings Index data releases on Tuesday at 8:30 GMT. The GBP/USD exchange currency rate lost 2 pips or 0.01% right after the release. The British Pound continued trading at the 1.2070 level against the Greenback.
The Office for National Statistics released the UK Average Earnings Index data, which came out in line with the expectations of 3.7%.
According to the official release: "Pay for employees (including bonuses) increased by 1.8% on the year when adjusted for inflation; pay excluding bonuses increased by 1.9%."
| Date | 16.05.19 | 14.05.19 | 11.06.19 | 16.07.19 | 13.08.19 |
|---|---|---|---|---|---|
| Actual | 3.5% | 3.2% | 3.1% | 3.4% | 3.7% |
| Forecast | 3.5% | 3.4% | 2.9% | 3.1% | 3.7% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.92802 | 0.92788 | -0.02% |
| GBP/CAD | 1.59914 | 1.59904 | -0.01% |
| GBP/JPY | 126.92100 | 126.93 | 0.01% |
| GBP/USD | 1.20603 | 1.20593 | -0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 28.2% | 71.8% |
| GBP/CAD | 70.7% | 29.3% |
| GBP/JPY | 72.9% | 27.1% |
| GBP/USD | 73.2% | 26.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 14.2K | 0.5K |
| 8:30 | GBP | Retail Sales m/m | -0.3% | 1.0% |
| 12:30 | USD | Core Retail Sales m/m | 0.4% | 0.4% |