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The British Pound strengthened against the Greenback, following one high and two medium impact releases, that were published simultaneously on Friday. The GBP/USD currency pair skyrocketed 46 pips, or 0.32%, leaving the impact-making dataset cluster behind.
The Office for National Statistics released 3 reports at 9:30 GMT: average earnings index, claimant count change and unemployment rate. A notable impact on the exchange rate was driven by the UK average earnings index data that saw the index growing by 2.8%. An interesting move was seen in the growth of claimant count change, while the unemployment rate decreased, thus creating a positive impact on the currency pair altogether.
| Historical Data Table: UK Average Earnings Index 3m/y | Economic Calendar for 21.03.2018 | ||||||||
| Date | 15.11.2017 | 13.12.2017 | 24.01.2018 | 21.02.2018 | 21.03.2018 | 12:30 PM | US Current Account | ||
| Actual | 2.20% | 2.50% | 2.50% | 2.70% | 2.80% | 2:00 PM | US Existing Home Sales | ||
| Forecast | 2.10% | 2.50% | 2.50% | 2.50% | 2.60% | 6:00 PM | US Federal Funds Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.40246 | 1.407 | 0.32% | GBP/USD | 51.83% | 48.17% | |||
| EUR/GBP | 0.8752 | 0.87283 | -0.27% | EUR/GBP | 25.01% | 74.99% | |||
| GBP/CAD | 1.82966 | 1.83618 | 0.36% | GBP/CAD | 28.05% | 71.95% | |||
| GBP/JPY | 149.061 | 149.564 | 0.34% | GBP/JPY | 48.56% | 51.44% | |||