The British Pound traded sideways against the US Dollar, following the UK Average Earnings Index data releases on Tuesday at 8:30 GMT. The GBP/USD exchange currency rate lost 2 pips or 0.01% right after the release. The British Pound continued trading at the 1.2070 level against the Greenback.
[/ANNOUNCE]The Office for National Statistics released the UK Average Earnings Index data, which came out in line with the expectations of 3.7%.
According to the official release: "Pay for employees (including bonuses) increased by 1.8% on the year when adjusted for inflation; pay excluding bonuses increased by 1.9%."
| Date | 16.05.19 | 14.05.19 | 11.06.19 | 16.07.19 | 13.08.19 |
|---|---|---|---|---|---|
| Actual | 3.5% | 3.2% | 3.1% | 3.4% | 3.7% |
| Forecast | 3.5% | 3.4% | 2.9% | 3.1% | 3.7% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.92802 | 0.92788 | -0.02% |
| GBP/CAD | 1.59914 | 1.59904 | -0.01% |
| GBP/JPY | 126.92100 | 126.93 | 0.01% |
| GBP/USD | 1.20603 | 1.20593 | -0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 28.2% | 71.8% |
| GBP/CAD | 70.7% | 29.3% |
| GBP/JPY | 72.9% | 27.1% |
| GBP/USD | 73.2% | 26.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 14.2K | 0.5K |
| 8:30 | GBP | Retail Sales m/m | -0.3% | 1.0% |
| 12:30 | USD | Core Retail Sales m/m | 0.4% | 0.4% |