A great number of investors actually don’t expect Germany’s economy to revive quickly from a poor patch in the nearer future…
British unemployment rate edges down to fresh 42-year minimum
In Great Britain, the jobless rate suddenly dipped in May. Meanwhile, real wages kept easing, stepping up the pressure on British families to make it to the end of the month considering the gap with inflation, as official data unveiled on Wednesday.
In May, the rate of unemployment went down to 4.5%, as the Office for National Statistics disclosed. It definitely surprised financial experts who had expected it to stay intact at a four-decade minimum of 4.6%.
In June, the claimant count tacked on by a seasonally adjusted 6,000, thus ruining hopes for a leap of 10,000 people and following a jump of 7,500 the previous month, whose outcome was revised from a previously reported ascend of 7,300.
The average earnings index with bonuses inched up by a seasonally adjusted 1.8% for the three months to May, which is in line with predictions but below last month’s revenue of 2.1%.
For the three months to May, excluding bonuses, wages gained 2%, compared to hopes for a 1.9% revenue and April’s outcome of 1.8%, which grew from the previous 1.7% leap.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
How to trade the key currency pair and what affected the currency market? Read today's news digest!
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…