Dukascopy Bank Team
Dukascopy Bank SA
GBP/USD: UK Average Earnings Index
The British Pound appreciated against the US Dollar, following the UK Average Earnings Index release on Tuesday at 09:18 GMT. The GBP/USD exchange currency rate gained 17 pips or 0.13% during a minute, right after the release. The British Pound continued trading at the 1.3274 area against the US Dollar.
The Office for National Statistics released UK Average Earnings Index data that came out better-than-expected of 3.4%, compared to forecast 3.2%.
Alok Sharma, the UK's minister of state for employment said: "2019 has continued to be a record breaker, with the employment rate topping 76% for the first time, record female employment and unemployment falling below 4% for the first time in 44 years. "
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