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The British Pound appreciated against the US Dollar on the official UK labour market data. The GBP/USD currency pair added 22 base points or 0.16%, touching the 1.4116 mark, and managed to sustain the upmove.
The number of working people in the UK rose surprisingly in the three month period to November, while regular wages increase at the strongest rate in a year, the official report indicated on Wednesday. The Office for National Statistics stated that the Average Earnings Index was unchanged at 2.5%, while earnings without bonuses grew 2.4% year-over-tear in the reported period. Statisticians said that with the amount of vacancies at a new record and strong employment, demand for labour remained solid.
| Historical Data Table: UK Average Earning Index 3m/y | Economic Calendar for 25.01.2017 | ||||||||
| Date | 13.09.2017 | 18.10.2017 | 15.11.2017 | 13.12.2017 | 24.01.2018 | 12:45 PM | ECB Interest Rate Decision | ||
| Actual | 2.1% | 2.2% | 2.2% | 2.5% | 2.5% | 1:30 PM | Canadian Retail Sales | ||
| Forecast | 2.3% | 2.1% | 2.1% | 2.5% | 2.5% | 3:00 PM | US New Home Sales | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.40941 | 1.41161 | 0.16% | GBP/USD | 41.94% | 58.06% | |||
| EUR/GBP | 0.87655 | 0.87511 | -0.16% | EUR/GBP | 35.89% | 64.11% | |||
| GBP/CAD | 1.74288 | 1.7457 | 0.16% | GBP/CAD | 58.22% | 41.78% | |||
| GBP/JPY | 154.411 | 154.654 | 0.16% | GBP/JPY | 33.11% | 66.89% | |||