The typical/expected impact on GBP pairs is medium.
The consensus forecast for Average Earnings Excluding Bonus (3Mo/Yr) is 5.9%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Average Earnings Excluding Bonus (3Mo/Yr) was 5.9% against a forecast of 5.9%.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Average Earnings Excluding Bonus (3Mo/Yr) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Consumer Inflation Expectations | Bullish change | 3% | 3.4% | ||
Gross Domestic Product (MoM) | Bearish change | 0.4% | -0.1% | ||
Industrial Production (MoM) | Bearish change | 0.5% | -0.9% | ||
Manufacturing Production (MoM) | Bearish change | 0.7% | -1.1% | ||
BRC Like-For-Like Retail Sales (YoY) | Bearish change | 2.5% | 0.9% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Labor Market |
Frequency: | Monthly |