The UK unemployment rate came in at 4.2% against an expected 4% and an earlier reading of 4%. In terms of sheer numbers, the registered unemployed added 29,000, the highest since the Covid outbreak. The whole data paclk is topped off by a strong jump in wages (ex bonus), +7.8% y/y against the expected 7.4% and the earlier reading of 7.3%. Wages data continues to run hot and that might keep the pressure on the BOE to tighten policy further. The GBPUSD pair is gaining after today's data reading.

Daily summary: A historic day for precious metals; SILVER loses 30%; USD gains 💡
EURUSD down 0.5% amid US PPI inflation report🚨
Daily Summary – Bessent Rescues the Dollar, Fed Delivers Hawkish Pivot
BREAKING: FED maintains the rates!↔️🚨