UK employment figures favoured Sterling as it found its way back above the long term bullish trendline. Cable gained 100 pips today after the Jobless Rate dropped below the 7% threshold to 6.9%, which is the highest in three months. This coupled with better then expected inflation figures bags the question, if the Bank of England will increase interest rates earlier than previously proposed. The U.K 10 year government bonds declined with yields rising high. Across the Atlantic, the U.S Federal Reserve’s chairwoman, Yellen stated, that the United States are about to enter into full employment by 2016. They consider full employment within an unemployment range of 5.2 % to 5.6 %, signalling that the rates should be low for a long period. Switzerland’s April ZEW Investor Expectations came in at 7.0, significantly below the forecast of 23.00. The Swiss Franc had an interesting ride, at first it had strengthened against the Cable and the Euro, as it hit 1.2204 and 1.4830, respectively, after which the bears and selling pressure got in and sent it back down within 30 seconds to 1.2175 against the Euro and 1.4795 against the Cable. Markets are trading in the green on the back of positive data coming out of Europe and the US, traders are expected to profit take as the long weekend unfolds with Russia and Ukraine still on the brink of conflict. Further reading: GBP/USD: Trading The Philadelphia Fed Manufacturing Index Felipe Erazo Felipe Erazo Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. He has been working as a freelance writer and forex/crypto analyst, with experience gained at several forex broker firms and forex/crypto-related media outlets around the world, such as FXStreet. He has been involved in the world of online forex trading since 2010, and in the crypto sphere since 2015. Moreover, Felipe has worked as a journalist and editor for several media outlets across Latin America, collaborating with radio stations from his home country, Colombia, Chile, and the United States. View All Post By Felipe Erazo Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex Bits share Read Next Softening inflation before the Easter break FxPro - Forex Broker 8 years UK employment figures favoured Sterling as it found its way back above the long term bullish trendline. Cable gained 100 pips today after the Jobless Rate dropped below the 7% threshold to 6.9%, which is the highest in three months. This coupled with better then expected inflation figures bags the question, if the Bank of England will increase interest rates earlier than previously proposed. The U.K 10 year government bonds declined with yields rising high. Across the Atlantic, the U.S Federal Reserve's chairwoman, Yellen stated, that the United States are about to enter into full employment by 2016. They consider… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
