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Trader, analyst and instructor with a 6-year experience

UK: mixed employment data

UK unemployment lowered from 6.6% to 6.5%, while claimant count contracted by 36K (forecast: -27K). 

However, the figures are not so positive as it may seem: average earnings index growth slowed from 0.8% to 0.3% (forecast: 0.5%). markets are disappointed as they didn't get any confirmation of growing inflationary pressures on the economy. 

GBP/USD reacted with a tiny dip to $1.7115, but holds around $1.7130 as of writing. 

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