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Claimant Count Change numbers for February may impact the pound toward the next shocks, in the opinion of Yohay Elam from FXStreet. GBP/USD is trading at 1.222.

Key quotes

“In the upcoming UK jobs report, the Claimant Count Change, or jobless claims, are for February. A substantial increase of 21,400 is on the cards.”

“Average Hourly Earnings including bonuses are set to accelerate from 2.9% to 3%. Excluding extra pay, the pace is set to remain unchanged at 3.2%.” 

“The Unemployment Rate is unlikely to budge from the historic low of 3.8% and changes are unlikely.”

“The most recent headlines may have a greater impact on the pound, but when the dust settles, it could impact the positioning of sterling toward the next moves.”

“Upon a relief rally, the rise has the potential to be more significant if British statistics are upbeat, while downbeat data may flatten the pound’s curve.”