Better than expected data from the UK on most fronts: average earnings rise 2.9%, significantly better than 2.5% expected and this also comes with upwards revision of last month’s number from 2.4% to 2.6%. Excluding bonuses, a rise of 2.9% was also recorded, and this came out as expected. More good news came from the unemployment rate which surprised with a slide to 5.5%. The only disappointment came from the rise in jobless claims, +1.2K, but it was partially countered by an upwards revision. All in all, the much needed rise in wages, the biggest jump since 2009, and the drop in unemployment certainly cheer the pound. GBP/USD is on the rise above 1.5380. The UK was expected to report a gain of 2.5% in average weekly earnings in July after 2.4% in June. Excluding bonuses, a rise from 2.8% to 2.9% was on the cards. The unemployment rate was expected to remain unchanged at 5.6%. Claimant Count Change (jobless claims) for August were predicted to drop by 5K, similar to July’s number. GBP/USD has been trading around 1.5350 towards the publication, rising within the lower range it traded in during recent hours. With the job market already firing on most cylinders, the focus has moved to wages: the tightening job market does not translate to higher salaries. More: trading the UK wages with GBP/USD In our latest podcast, we prepare you for the Fed decision from all directions Follow us on Stitcher. 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 ECB getting ahead of the Fed with QE talk – Yohay Elam 7 years Better than expected data from the UK on most fronts: average earnings rise 2.9%, significantly better than 2.5% expected and this also comes with upwards revision of last month's number from 2.4% to 2.6%. Excluding bonuses, a rise of 2.9% was also recorded, and this came out as expected. More good news came from the unemployment rate which surprised with a slide to 5.5%. The only disappointment came from the rise in jobless claims, +1.2K, but it was partially countered by an upwards revision. All in all, the much needed rise in wages, the biggest jump since 2009, and the… 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.
