HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

GBP: hidden powers


15 February 2023

The British pound against the US Dollar has recovered after a previous wave of decline. The current quote is 1.2142. Britain presented the first block of macro statistics scheduled for this week. The unemployment rate in December remained at 3.7%. Average wage in October-December grew by 5.9% from 6.4% earlier. The decline of the growth of wages can stabilise inflation but is unlikely to support the British people.

The number of unemployment claims in January dropped by 12.9 thousand against the forecast growth by 17.9 thousand and previous growth by 19.7 thousand.

The statistics got mixed and failed to support the pound as necessary. Note that the number of vacancies in the employment sector in November-January dropped by 76 thousand to 1.134 million workplaces. Companies have started to make savings. This is not the best news for the economy and the GBP.

#source

Share: Tweet this or Share on Facebook


Related

GBPUSD Shows Strength within Trading Range
GBPUSD Shows Strength within Trading Range

The GBPUSD currency pair has recently exhibited resilience, edging higher within its established trading range of 1.2610-1.2785. This price action marks a reversal from the lower boundary of the range...

23 Jan 2024

GBP/USD: Insights and Projections for the Upcoming Week
GBP/USD: Insights and Projections for the Upcoming Week

As the week unfolds, market participants find themselves in a pivotal moment, closely monitoring the Federal Reserve's evolving stance and GBP/USD's technical dynamics...

12 Jan 2024

GBP/USD Approaches 1.2700 as Market Anticipates US Nonfarm Payrolls Data
GBP/USD Approaches 1.2700 as Market Anticipates US Nonfarm Payrolls Data

The GBP/USD pair is exhibiting an upward momentum, inching closer to the 1.2700 level amidst a complex interplay of economic factors from both the United Kingdom and the United States...

5 Jan 2024

Prospects of the Pound Amid Global Monetary Policy Shifts
Prospects of the Pound Amid Global Monetary Policy Shifts

The GBP/USD pair, currently trading at 1.2750, is experiencing a phase of strengthening, primarily influenced by the weakening of the US dollar. This trend is underpinned...

1 Jan 2024

GBPUSD's Bullish Trend Maintains Momentum Despite Recent Pause
GBPUSD's Bullish Trend Maintains Momentum Despite Recent Pause

Resilient GBPUSD Maintains Upward Trajectory After Hitting a Four-Month High. The GBPUSD currency pair, widely observed in the forex market, has recently moderated...

29 Dec 2023

Bank of England's Hawkish Stance Bolsters the Pound Amid Dovish Federal Reserve
Bank of England's Hawkish Stance Bolsters the Pound Amid Dovish Federal Reserve

In the dynamic world of global finance, central banks play a pivotal role in shaping currency values. This was recently exemplified by the Bank of England's...

15 Dec 2023


MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.