The Claimant Count Change in the UK fell by 38.6K in January, more than expected. The unemployment rate fell to 5.7%, also better than expected and average hourly earnings stand at 2.1% better than expected. The MPC minutes show that members expect inflation to correct sharply after the impact of oil prices moves away. GBP/USD shoots up to 1.5415. Update: the pound continues higher. More data: wages ex bonuses rose by 1.7%, slightly below expectations, but this is still strong. Within the minutes, two members see the decision as finely balanced and one member saw equal chances of loosening and tightening. The vote on both the rates and QE was a unanimous 9:0. The United Kingdom was expected to report a drop of around 25K in jobless claims for the month of January, an unemployment rate of 5.8% in December and a y/y gain of 1.7% in that month as well. In addition, the meeting minutes from the recent rate decision are released, and a unanimous decision not to change rates was expected. GBP/USD traded around 1.5360 towards the publication. The pound has been gaining ground lately, especially as the Bank of England manages to see through the fall in oil prices and is still set to raise the rates in 2015. Yesterday, headline CPI inflation fell to 0.3%, the lowest in many years, but core CPI actually ticked up to 1.4%. For more, see the pound/dollar prediction Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/JPY: Trading the US jobless claims Feb 2015 Kenny Fisher 8 years The Claimant Count Change in the UK fell by 38.6K in January, more than expected. The unemployment rate fell to 5.7%, also better than expected and average hourly earnings stand at 2.1% better than expected. The MPC minutes show that members expect inflation to correct sharply after the impact of oil prices moves away. GBP/USD shoots up to 1.5415. Update: the pound continues higher. More data: wages ex bonuses rose by 1.7%, slightly below expectations, but this is still strong. Within the minutes, two members see the decision as finely balanced and one member saw equal chances of loosening and… 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.
