August 13, 2024 06:05 GMT
Wage data in line, unemployment and claimant data conflict
UK DATA
- GBPUSD jumps 20 pips on the release - driven by the lower unemployment rate. But that is moderating a little now (given the claimant count showed the opposite picture). Claimant count rose to 4.7% (from 4.4%) and unemployment rate fell to 4.2% from 4.4%.
- The more important wage growth data was in line with expectations at first glance.
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