The MPC voted 7:2 to leave the rates unchanged as expected. They do say that there are signs of wage growth and that they are promising. Indeed, for October we have a better than expected wage growth rate of 1.4%. However, the unemployment rate stays at 6%. Claimant count change for November came out better than expected with a drop of 26.9K. GBP/USD is ticking higher, slightly extending its gains. Was the good news leaked out? The minority that voted for a rate hike reasoned their vote by saying there is a chance of a sharp rise in wages as slack is been eaten up quite quickly. Wages are now left, right and center in the debate regarding rates. The UK was expected to report a drop of around 20K jobless in November. The unemployment rate was predicted to tick down to 5.9% in October after 6% in September. The average earnings index was predicted to accelerate its advance to 1.3% in October from 1% beforehand. At the same time, the MPC Meeting Minutes for the recent meeting in November were released. A 7:2 split against raising the rates was expected to be maintained. GBP/USD traded around 1.5715, bouncing back from a slide to lower ground. The big event of the day is the Fed decision in the US. See the preview: FOMC quick preview: what’s more important: employment or inflation? Currencies to trade in both cases 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 Euro-zone final November inflation confirmed at 0.3% Yohay Elam 7 years The MPC voted 7:2 to leave the rates unchanged as expected. They do say that there are signs of wage growth and that they are promising. Indeed, for October we have a better than expected wage growth rate of 1.4%. However, the unemployment rate stays at 6%. Claimant count change for November came out better than expected with a drop of 26.9K. GBP/USD is ticking higher, slightly extending its gains. Was the good news leaked out? The minority that voted for a rate hike reasoned their vote by saying there is a chance of a sharp rise in wages as… Top 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.
