Average Hourly Earnings rise by 1% in the UK, better than expected for the month of September. However, the unemployment rate remained at 6%, weaker than a drop to 5.9% that was predicted. Claimant Count Change for October dropped by 20.4K jobs, slightly below predictions for 24.9K. All in all, it seems that the closely watched wage data has the upper hand against the other figures, which gained more traction in the past. GBP/USD is ticking up, partially erasing the slide that came before the publication, and trades at 1.5915. Update: GBP/USD falls as BOE cuts inflation forecasts Markets are awaiting another important event: the release of the quarterly inflation report. Governor Mark Carney and his colleagues will lay out their views on inflation, employment and perhaps provide hints about the timing of the rate hike. This is due at 10:30 UK time, or 9:30 GMT. A rise in salaries, which lagged so far, is certainly good news for Brits and eventually for the British pound, as pay raises trigger price rises and then higher interest rates. Recent technical analysis: GBP maintains broader downside pressure in medium term but triggers correction 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 EUR/USD: Two Scenarios, Both Bearish – Elliott Wave Analysis Gregor Horvat 8 years Average Hourly Earnings rise by 1% in the UK, better than expected for the month of September. However, the unemployment rate remained at 6%, weaker than a drop to 5.9% that was predicted. Claimant Count Change for October dropped by 20.4K jobs, slightly below predictions for 24.9K. All in all, it seems that the closely watched wage data has the upper hand against the other figures, which gained more traction in the past. GBP/USD is ticking up, partially erasing the slide that came before the publication, and trades at 1.5915. Update: GBP/USD falls as BOE cuts inflation forecasts Markets are… 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.
