Citibank analysts point out that the latest employment data from the UK showed some upside surprises with Average Weekly Earnings up 3.4%MoM (higher than the 3.2% forecast and matching last month’s solid print) while ex-bonus comes in-line and maintains its high levels at 3.4%MoM. Key Quotes “The unemployment rate also unexpectedly drops to 3.9% from 4.0%, due to a bumper employment change of 222k (vs. 120k consensus).” “COMMENT: While not enough to move the BoE materially at the upcoming meeting given Brexit deadlock, this level of strength does appear to open the door for a shift down the road once the Brexit outlook gets clearer.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP climbs to weekly highs above 0.86 FX Street 4 years Citibank analysts point out that the latest employment data from the UK showed some upside surprises with Average Weekly Earnings up 3.4%MoM (higher than the 3.2% forecast and matching last month's solid print) while ex-bonus comes in-line and maintains its high levels at 3.4%MoM. Key Quotes "The unemployment rate also unexpectedly drops to 3.9% from 4.0%, due to a bumper employment change of 222k (vs. 120k consensus)." "COMMENT: While not enough to move the BoE materially at the upcoming meeting given Brexit deadlock, this level of strength does appear to open the door for a shift down the road once… Regulated 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.
