UK average earnings rose 2.3% and GBP/USD spikes 30 pips

Market news

12 April 2017

UK average earnings rose 2.3% and GBP/USD spikes 30 pips

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.3% including bonuses, and by 2.2% excluding bonuses, compared with a year earlier.

Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.2% including bonuses, and by 0.1% excluding bonuses, compared with a year earlier.

Forex option contracts rolling off today at 14.00 GMT:

UK unemployment rate stable at 4.7%, claimant count change weaker than expected

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