UK total pay growth sustained its strong momentum in the three months to February, growing at the fastest pace in over a decade, as employers ramped-up hiring to a fresh record high, ahead of a possibly chaotic Brexit. The total pay grew 3.5 percent year-on-year in the three months to February, same as in December and January, preliminary data from the Office for National Statistics showed. more...
For EUR/GBP, multiple resistance barriers were knocked out within a span of 24 hours. But on the daily chart, we do have the formation of what appears to be a new descending trend line dating back to August. For the time being, this may keep the dominant downtrend since then intact. A push above the line would open the door to overturning the downtrend. However, this would require ascending through the October high at 0.89394. Until that ...
The UK unemployment rate remained at the lowest level seen since early 1975, in three months to August, the Office for National Statistics said Tuesday. more...
The U.K. jobless rate fell to its lowest level since early 2006, while the employment rate hit a record high in the three months ended November, and wage growth remained subdued suggesting more time for the Bank of England to decide on a rate hike. In the three months to November, the ILO unemployment rate was 5.1 percent versus 5.8 percent in the same period the previous year. more...
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