British pound ascends after UK jobs

British pound ascends after UK jobs

On Wednesday, the British pound went up to the day’s maximums versus the greenback after the latest British jobs report demonstrated that the unemployment rate went down to its lowest value since 1975 while wage surge tacked on.

The currency pair GBP/USD hit a peak of 1.2904.

The unemployment rate for the three months to June went down to 4.4%, as the Office for National Statistics informed, versus forecasts for it to stay intact at 4.5%.

Average weekly earnings inched up by 2.1% year on year for the three months to June, which is better than economists forecast for a leap of 1.8% as well as a jump from 1.9% for the three months to May.

Additionally, excluding bonuses, earnings grew by 2.1%, moderately better than predictions of 2%.

The report arose just a day after figures demonstrating that the annual rate of inflation in Great Britain suddenly stood intact at 2.6% in July.

With inflation still outstripping wage ascend households are still experiencing a squeeze on living standards.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera