7:01 AM · 12 September 2023

BREAKING: UK unemployment change lower than expected! GBPUSD rises

Macro data from UK:

Unemployment rate: 4,3% vs 4,3% exp and 4,2% previously
Unemplyment change: 900 vs 17,1 k exp and 29 k previously
Employment change: -207 k vs -195 k exp and -66k previously
Average weekly earnings: 8,5% vs 8,2% exp and 8,2% previously
Average earnings (ex-bonus): 7,8% vs 7,8% exp and 7,8% previously

Macro data came in mixed, with lower jobless claims and unexpected growth of weekly earnings and much lower unemployment change but still low employment change (compared to 3 months average). In the first reaction after rading from the United Kingdom, GBPUSD surged.

Source: xStation5

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Forex

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