GBP/USD: UK Average Earnings Index and Unemployment Rate

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 and Unemployment Rate release on Tuesday at 09:30 GMT. The GBP/USD exchange currency rate gained 7 pips or 0.05% during a minute, right after the release. The British Pound continued trading at the 1.2910 area against the US Dollar.

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%

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