Overall, GBP/USD is trending downwards. Recently, GBP/USD broke the support zone of 1.37800.
The UK employment data released yesterday indicated an increase in the number of claimants for unemployment benefits while average earnings increased slightly. Unemployment rate also declined slightly.
Look for selling opportunities of GBP/USD.
The UK employment data released yesterday indicated an increase in the number of claimants for unemployment benefits while average earnings increased slightly. Unemployment rate also declined slightly.
- Average Earnings Index 3m/y (Actual: 4.8%, Forecast: 4.9%, Previous: 4.7%)
- Claimant Count Change (Actual: 86.6K, Forecast: 9.0K, Previous: -20.8K revised from -20.0K)
- Unemployment Rate (Actual: 5.0%, Forecast: 5.2%, Previous: 5.1%)
- Flash Manufacturing PMI (Forecast: 55.0, Previous: 55.1 revised from 54.9)
- Flash Services PMI (Forecast: 51.1, Previous: 49.5 revised from 49.7)
Look for selling opportunities of GBP/USD.
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