The typical/expected impact on GBP pairs is medium.
The consensus forecast for Average Earnings Excluding Bonus (3Mo/Yr) is 5.9%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Average Earnings Excluding Bonus (3Mo/Yr) was 5.6% against a forecast of 5.5%.
Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next Average Earnings Excluding Bonus (3Mo/Yr) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (MoM) | Bullish change | 0.1% | 0.4% | ||
Gross Domestic Product (QoQ) | Bullish change | 0% | 0.1% | ||
Gross Domestic Product (YoY) | Bullish change | 1% | 1.4% | ||
Industrial Production (MoM) | Bullish change | -0.5% | 0.5% | ||
Manufacturing Production (MoM) | Bullish change | -0.3% | 0.7% | ||
BRC Like-For-Like Retail Sales (YoY) | Bearish change | 3.1% | 2.5% | ||
BoE MPC Vote Rate Cut | Bearish change | 3 | 9 | ||
BoE MPC Vote Rate Hike | (no change) | 0 | 0 |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Labor Market |
Frequency: | Monthly |