UK May average weekly earnings +3.4% vs +3.1%

UK May average weekly earnings +3.4% vs +3.1% 3m/y expected

UK Average Earnings Excluding Bonus came in at 3.6% (3Mo/Yr) better than expectations of 3.5%) in May.

United Kingdom Claimant Count Change came in at 38K beating forecasts of 22.8K in June.

United Kingdom Claimant Count Rate rose from previous 3.1% to 3.2% in June

The UK ILO Unemployment Rate (3M) came in at 3.8% as expected.

GBPUSD was trading at the daily low before the news at 1.2454 and now, 10 minutes after the data released the pair adds 15 pips to 1.2470.

The FTSE 100 in London is trading 0.23 percent higher at 7,549Don’t miss a beat! Follow us on Twitter.

Download our latest quarterly market outlook for our longer-term trade ideas.

Do you enjoy reading our updates? Become a member today and access all restricted content. It is free to join.