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.
Due to Independence Day, the US stock market remained closed today. Concerns about the future of tariff negotiations led to declines in US index...
00:56US indices hit new highs yesterday. Today's lack of trading sessions is causing a slight correction in futures contracts, although it's hard to...
19:48European markets record sharp declines, as investors’ anxiety grows ahead of the looming tariff negotiation deadline. Donald Trump’s pledge...
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