The Great Britain pound traded basically flat today after the release of employment data. The report was mixed, giving the currency no help in finding a direction to move.
Average weekly earnings rose 2.3% in the three months to February from the same period a year ago, the same as in the previous reporting period, while forecaster had predicted slowdown of wage inflation to 2.1%. The unemployment rate was steady at 4.7% — the lowest since August 1975. The number of people claiming unemployment benefits rose by 25,500 in March from the previous month while experts had promised a drop by 10,200.
GBP/USD traded near its opening level of 1.2488 as of 11:11 GMT today. EUR/GBP was steady at 0.8488.
If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.