CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: GBP jumps after UK jobs data

07:04 13 February 2024

UK jobs data for December was released today at 7:00 am GMT. Report was expected to show a slowdown in weekly wage growth as well as a drop in the unemployment rate to the lowest level since May 2023. Actual report turned out to be a hawkish surprise with wage growth slowing less than expected, employment growing more than expected and unemployment rate dropping to 3.8% - the lowest level since April 2023.

GBP gained following the release, with GBPUSD jumping around 0.2% in a knee-jerk reaction. 

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UK, jobs report for December

  • Weekly wage growth: 5.8% YoY vs 5.6% YoY expected (6.5% YoY previously)
  • Weekly wage growth (excluding bonuses): 6.2% YoY vs 6.0% YoY expected (6.6% YoY previously)
  • Employment change: 72k vs 50k expected (73k previously)
  • Unemployment rate: 3.8% vs 4.0% expected (4.2% previously)

GBPUSD jumped and tested 1.2640 resistance zone after better-than-expected jobs report from the United Kingdom. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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