The British Pound appreciated against the US Dollar, following the UK Average Earnings Index data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency rate gained 16 pips or 0.12% right after the release. The British Pound continued trading at the 1.3035 level against the Greenback.
[/ANNOUNCE]The Office for National Statistics released the UK Average Earnings Index data, which came out better-than-expected of 3.2% compared with the forecast of 3.1%.
According to the official release: "For November 2019, average regular pay, before tax and other deductions, for employees in Great Britain was estimated at £511 per week in nominal terms. The figure in real terms (constant 2015 prices) is £472 per week, which is still £1 (0.2%) lower than the pre-economic downturn peak of £473 per week in March 2008."
| Date | 10.09.19 | 15.10.19 | 12.11.19 | 17.12.19 | 21.01.20 |
|---|---|---|---|---|---|
| Actual | 4.0% | 3.8% | 3.6% | 3.2% | 3.2% |
| Forecast | 3.7% | 4.0% | 3.8% | 3.4% | 3.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.85213 | 0.85114 | -0.12% |
| GBP/CAD | 1.70194 | 1.70367 | 0.10% |
| GBP/JPY | 143.08400 | 143.258 | 0.12% |
| GBP/USD | 1.30133 | 1.30278 | 0.11% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 46.3% | 53.7% |
| GBP/CAD | 32.9% | 67.1% |
| GBP/JPY | 60.9% | 39.1% |
| GBP/USD | 46.9% | 53.1% |
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