The British Pound strengthened against the Greenback, following controversial UK Claimant Count Change data release on Tuesday. The GBP/USD currency pair gained 13 pips, or 0.10%, to continue going up to the 1.3555 level.
The Office for National Statistics released three datasets simultaneously, where Jobless Claims trippled from the forecast of 31.2K, compared to the 11.6K in the previous period.
Average Earnings Index came out lower-than-expected of 2.6%, compared to 2.8% in the previous period however, Unemployment Rate stayed in line with a forecast of 4.2%.
Historical Data Table: UK Claimant Count Change | Economic Calendar for 16.05.2018 | ||||||||
Date | 24.01.2018 | 21.02.2018 | 21.03.2018 | 17.04.2018 | 15.05.2018 | 12:30 PM | CAD Manufacturing Sales m/m | ||
Actual | 8.6K | -7.2K | 9.2K | 11.6K | 31.2K | 12:30 PM | US Building Permits | ||
Forecast | 2.3K | 2.3K | -3.1K | 13.3K | 13.3K | 12:30 PM | US Housing Starts | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
GBP/USD | 1.35273 | 1.35413 | 0.10% | GBP/USD | 61.01% | 38.99% | |||
EUR/GBP | 0.88133 | 0.88051 | -0.09% | EUR/GBP | 39.48% | 60.52% | |||
GBP/CAD | 1.73371 | 1.7356 | 0.11% | GBP/CAD | 63.54% | 36.46% | |||
GBP/JPY | 148.606 | 148.783 | 0.12% | GBP/JPY | 46.61% | 53.39% |