GBP/USD ANALYSIS
- UK Unemployment ACT: 4.1%, EST: 4.1%; Avg Earnings ACT: 4.3%, EST: 3.8%
- Cable ticks greater.
AVERAGE EARNINGS BEATS FORECASTS, GBP/USD TICKS HIGHER
Whereas UK unemployment for the December interval printed as anticipated (4.1%), the massive information from the discharge centered round wage progress (4.3%). Larger progress in wages provides to tightening expectations from the Bank of England (BoE), reflective within the post-release upside worth motion on sterling.
ECONOMIC CALENDAR
Supply: DailyFX economic calendar
Markets stay apprehensive with geopolitical tensions mounting in addition to additional steering by way of tomorrow’s UK inflation and FOMC minutes occasions.
Supply: DailyFX economic calendar
GBP/USD TECHNICAL ANALYSIS
GBP/USD DAILY CHART
Chart ready by Warren Venketas, IG
Uneven buying and selling on the GBP/USD pair of current has echoed the unsure world atmosphere notably round Russia/Ukraine tensions. The congestion is prone to keep till extra concrete data is launched on the present scenario.
Key resistance ranges:
Key assist ranges:
Contact and observe Warren on Twitter: @WVenketas
