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The British Pound weakened against the Greenback, following the UK Average Earnings Index data release on Tuesday. The GBP/USD currency pair lost 16 pips, or 0.11%.
The Office for National Statistics released three reports simultaneously, from which the most impactful Average Earnings Index data came out lower-than-expected and instead of growing by 3.0%, it stayed in line with the previous period's 2.8% growth rate. Claimant Count Change and Unemployment Rate data came out better-than-expected, having a growth of 11.6K and 4.2% respectively. However, jobless claims grew more than in the previous month, jobless rate decreased, indicating that more people got a job than those who claimed unemployment.
| Historical Data Table: UK Average Earnings Index 3m/y | Economic Calendar for 17.04.2018 | ||||||||
| Date | 13.12.2017 | 24.01.2018 | 21.02.2018 | 21.03.2018 | 17.04.2018 | 12:30 PM | CAD Manufacturing Sales m/m | ||
| Actual | 2.50% | 2.50% | 2.50% | 2.80% | 2.80% | 12:30 PM | US Building Permits | ||
| Forecast | 2.50% | 2.50% | 2.50% | 2.60% | 3.00% | 12:30 PM | US Housing Starts | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.43637 | 1.43476 | -0.11% | GBP/USD | 38.05% | 61.95% | |||
| EUR/GBP | 0.86312 | 0.86429 | 0.14% | EUR/GBP | 62.98% | 37.02% | |||
| GBP/CAD | 1.80551 | 1.80372 | -0.10% | GBP/CAD | 29.63% | 70.37% | |||
| GBP/JPY | 153.679 | 153.471 | -0.14% | GBP/JPY | 44.34% | 55.66% | |||