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  • The UK wages excluding bonuses rose by 3.1% YoY vs. +3.2% expected.
  • The wages including bonuses rose by 3.1% YoY vs. +3.0% expected.
  • The unemployment rate in the UK rises to 3.9% in January.

more to come …

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

GBP/USD technical levels to watch