British pound hits day’s peaks on UK jobs data

British pound hits day’s peaks on UK jobs data

On Wednesday, the British pound touched the day’s peaks versus the broadly weaker greenback, following data demonstrating that Great Britain’s unemployment rate reached a 42-year minimum in the three months to March, though wages went down.

The currency pair GBP/USD tacked on 0.16%, being worth 1.2938.

The unemployment rate in Great Britain suddenly slumped to 4.6% in the period from January to March, as the Office for National Statistics informed. It appeared to be its lowest outcome in nearly 42 years. As for market analysts, they had expected it to stay intact at 4.7%.

The report also disclosed that wage surge dipped behind inflation for the first time in two-and-a-half years. It definitely underlined worries over a financial squeeze on British consumers.

Excluding bonuses, UK earnings inched up by 2.1% year-on-year, which is the slowest soar since July 2016 and below predictions for a 2.2% leap.

Similar

USD/CAD goes up notwithstanding positive Canadian data

On Friday, the greenback rallied versus its Canadian rival, notwithstanding the publication of positive data from Canada as well as overall caution as for the US currency because a steep dive in crude prices affected demand for Canada's commodity-related…

GBP/USD pares revenues on dismal UK data

On Friday, the British pound pared revenues versus the greenback, after the publication of dismal British retail sales affected optimism over the strength of the British economy…

Popular

Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight…

Gold is at 5-month minimums on stronger greenback

On Friday, gold dived to five-month minimums because optimism as for the US tax reform overhaul kept underpinning demand for the US dollar ahead of the highly-anticipated American nonfarm payrolls report to be released a bit later in the day…

Gold descends on profit-taking in Asia

On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy…

promotions you can be interested in

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

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