GBP/USD: UK Average Earnings Index

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The British Pound appreciated against the US Dollar, following the UK Average Earnings Index data release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate gained 18 pips or 0.13% during a minute, right after the release. The British Pound was going downwards after the data release to continue trading at the 1.3190 area.

The Office for National Statistics released UK Average Earnings Index data that came out better-than-expected of 2.7% compared with forecasted 2.6%.

"Wages keep on going from strength to strength, as competition for workers is finally feeding through to pay. The Bank of England will be keeping a watchful eye on any upwards pressure this puts on inflation, but it should also help support the consumer and their ability to handle higher interest rates should bank need to increase interest rates," said Philip Smeaton, chief investment officer at Sanlam UK. 

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Historical Data Table: Average Earnings Index 3m/y  Economic Calendar for 16.10.2018
           
Date 17.04.2018  17.07.2018 14.08.2018 11.09.2018 16.10.2018 12:30 PM CAD Foreign Securities Purchases
Actual 2.80% 2.50% 2.40% 2.60% 2.70% 13:15 PM GBP MPC Member Cunliffe Speaks
Forecast 3.00% 2.50% 2.50% 2.40% 2.60% 20:15 PM US FOMC Member Daly Speaks
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
GBP/USD 1.31907 1.32025 0.09% GBP/USD 50.19% 49.81%
EUR/GBP 0.87848 0.87783 -0.07% EUR/GBP 74.50% 25.50%
GBP/CAD 1.71222 1.71367 0.08% GBP/CAD 62.81% 37.19%
GBP/JPY 147.935 148.063 0.09% GBP/JPY 46.69% 53.31%
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Wed, 17 Oct 2018 09:34:33 GMT

GBP/USD: UK CPI

The British Pound depreciated against the US Dollar, following the UK CPI data release on Wednesday at 08:30 GMT. The GBP/USD exchange currency rate lost 26 pips or 0.20% during a minute, right after the release. The British Pound continued trading at the 1.1.3142 area.

Mon, 15 Oct 2018 15:00:30 GMT

EUR/USD: US Retail Sales

The European Single Currency depreciated against the US Dollar, following the US Retail Sales data release on Monday at 12:30 GMT. The EUR/USD exchange currency rate lost 6 pips or 0.05% during a minute, right after the release. The European Single Currency kept going upwards after the data release to continue trading at the 1.1625 area.

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