EURGBP: Stay short for 0.8860

FX:EURGBP   Euro / British Pound
Job creation in Britain slowed in the three months to August. The number of people in work rose by 106k between June and August, down from gains of more than 170k in each of three previous readings. The unemployment rate held at a nearly 11-year low of 4.9%, in line with market expectations.
The Office for National Statistics said workers' total earnings including bonuses rose by an annual 2.3%, as expected and compared with 2.4% in the three months to July. Excluding bonuses, earnings rose by 2.3% yoy against expectations for a 2.1% yoy rise.
Inflation rose to 0.9% in September and is expected to climb sharply towards 3% by the end of next year, reflecting the sharp fall in the value of the pound since the Brexit vote and threatening to hurt the spending power of workers. The Office for National Statistics said in real terms - measuring regular pay against inflation - earnings rose at their slowest pace since February 2015.
The GBP strengthened after British jobs report. There are two important support levels ahead – yesterday’s low at 0.8914 and 14-day ema at 0.8907. Breaking below these levels will open the way to our short-term position target at 0.8860. - Daily Forex Trading Strategies
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out