The Office for National Statistics released UK Average Earnings Index data that came out better-than-expected of 3.4%, compared to forecast 3.3%. Note, that the UK Unemployment Rate was released at the same time with the UK Average Earnings Index.
The Office for National Statistics comments: "Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 3.3% excluding bonuses, and by 3.4% including bonuses, compared with a year earlier".
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| Historical Data Table: Average Earnings Index 3m/y | Economic Calendar for 23.01.2019 | ||||||||
| Date | 14.08.2018 | 11.09.2018 | 16.10.2018 | 13.11.2018 | 22.01.2019 | 13:30 PM | CAD Core Retail Sales m/m | ||
| Actual | 2.40% | 2.60% | 2.70% | 3.00% | 3.40% | 13:30 PM | CAD Retail Sales m/m | ||
| Forecast | 2.50% | 2.40% | 2.60% | 3.00% | 3.30% | 23:00 PM | AUD Flash Manufacturing PMI | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 22.01.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.28987 | 1.29068 | 0.06% | GBP/USD | 49.12% | 50.88% | |||
| EUR/GBP | 0.88066 | 0.88037 | -0.03% | EUR/GBP | 44.42% | 55.58% | |||
| GBP/CAD | 1.71953 | 1.72021 | 0.04% | GBP/CAD | 54.57% | 45.43% | |||
| GBP/JPY | 141.145 | 141.238 | 0.07% | GBP/JPY | 60.09% | 39.91% | |||