Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
UK wages rise with payrolls- GBP/USD lifts on the news
The details of the December UK jobs report have just hit the screens. The markets have reacted to the data. The news that UK wages have risen even more than expected, by an average of 6% has helped to support the Pound, because the unemployment rate not rise. It has remained at 4.4%. Payrolls have also risen significantly, by 107k in the 3 months to December, where a gain of 48k was expected . The GBP/USD was trading just above the 1.2600 handle leading into this report. The price action since has seen it rise back above 1.2610. This is not exactly a huge move to say the least, but this was overall a hawkish report and one that will make it even harder for the BOE to lower rates again anytime soon. The GBP/USD is right now at 1.2613
Market News
All News-
EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
-
Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
