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After inflation British employees’ earnings dropped at the fastest pace since 2014 for the three months to April, thus underscoring the ascending Brexit squeeze facing numerous households, as official data disclosed on Wednesday.
The figures reflected the challenge facing Prime Minister Theresa May as well as her new government, with clues that households are facing the strain of ascending prices since the previous year's vote to abandon the European Union, applying pressure on the broader economy.
The data also demonstrated that the unemployment rate from February to April stood still at a more than four-decade minimum of 4.6%, which is in line with the median prediction for Wednesday's figure in a Reuters survey of financial experts.
In May, inflation reached a nearly four-year peak of 2.9%, as official data disclosed on Tuesday, which is stronger than experts had expected.
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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