The Office for National Statistics released UK Average Earnings Index data that came in line with expectations of 3.0%.
The ONS noted "Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.9% excluding bonuses, and by 0.8% including bonuses, compared with a year earlier".
Historical Data Table: Average Earnings Index 3m/y | Economic Calendar for 14.11.2018 | ||||||||
Date | 17.07.2018 | 14.08.2018 | 11.09.2018 | 16.10.2018 | 13.11.2018 | 9:30 AM | UK CPI y/y | ||
Actual | 2.50% | 2.40% | 2.60% | 2.70% | 3.00% | 13:30 PM | US CPI m/m | ||
Forecast | 2.50% | 2.50% | 2.40% | 2.60% | 3.00% | 23:00 PM | US Fed Chair Powell Speaks | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
GBP/USD | 1.29022 | 1.29036 | 0.01% | GBP/USD | 55.60% | 44.40% | |||
EUR/GBP | 0.87045 | 0.8706 | 0.02% | EUR/GBP | 51.64% | 48.36% | |||
GBP/CAD | 1.70773 | 1.70802 | 0.02% | GBP/CAD | 64.16% | 35.84% | |||
GBP/JPY | 147.244 | 147.254 | 0.01% | GBP/JPY | 43.92% | 56.08% |