- 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