Latest UK wages/jobs data now out

  • +2.9% prev
  • ave earnings 3month-year ex-bonus +2.8%vs +3.0% exp vs+2.9% prev
  • jobless claims change +4.6k vs -2.2k exp vs +1.2k prev
  • claimant count rate +2.3% as exp prev
  • unemployment rate 5.4% vs 5.5% exp/prev
  • total employment rose by 140k to a record 73.6%
  • total unemployed fell by 79k

Softer wages report sends GBP lower and sees GBPUSD down to 1.5287 and EURGBP up to 0.7460

Not enough in this to make a significant impact though and unexpected improvement in unemployment rate, lowest since 2008, will temper losses despite a worse claims figure

Full report from the ONS here