News of the day. January 21, 2014

January 22, 2014

Today important stats come from UK: Claimant Count Change and Unemployment Rate.

The number of unemployed is measured by the unemployment claims. December’s indicator is going to decrease by another 35 000, which is still too many comparing to the annual average.

November’s unemployment rate is expected to drop down to the level of 7.3% approaching the goal of 7.0%. According to Mark Carney, if unemployment rate reaches 7%, Bank of England will revise monetary policy and interest rate. However, the situation in regions is not so bright. The report of Trades Union Congress revealed that apart from London and South-East part of the country regional unemployment rate stays the same. If BOA considers these facts, interest rate won’t be changed anytime soon.

Positive stats from UK labour market may strengthen the Pound and the pair GBP/USD will probably go up to the levels of 1.6510 and 1.6540.

Dmitriy Zolotov

Analyst of LiteForex Group of Companies

Publication source
LiteForex information  LiteForex reviews

January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...
January 13, 2017
Yellen (Fed) with a neutral message but USD starts to fight back
USD was taking damage from the Wednesday Donald Trump specch until yesterday evening. Lack of details on economic and fiscal agenda at the first press conference of the president-elect caused a correction on equities boosted since the US elections...
January 12, 2017
Are OPEC cuts going to be in vain?
As OPEC and its biggest partner Russia have agreed to curtail Oil output prices, this offers the strongest catalyst of recovery since the start of the fight for market share back in 2014. Despite the initial market “hurrah” which helped the prices to get over the $50 mark...

NPBFX Rating
FxPro Rating
XTB Rating
EXNESS Rating
FXCM Rating
FBS Rating

Grand Option Rating
TopOption Rating
365BinaryOption Rating
OptionsXO Rating
OptionFair Rating
IQ Option Rating