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British Pound attracts bids after UK employment data release
The British Pound (GBP) snaps a three-day losing streak against the Japanese Yen (JPY), rebounding to near 218.55 during the European trading session on Tuesday. The cross attracts bids after the release of the United Kingdom (UK) labor market data for the three months ending May.
British Pound holds positive ground near 1.3450 after UK employment data
The GBP/USD pair holds positive ground near 1.3450 during the early European trading hours on Tuesday. The British Pound (GBP) strengthens against the US Dollar (USD) following the UK employment report.
Euro: Downward bias capped by 1.1390 support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang sees EUR/USD retaining a mild downside bias after slipping below a prior strong support at 1.1405. Intraday losses are expected to be limited to tests of 1.1390, with resistance at 1.1430–1.1445.
United Kingdom Claimant Count Rate fell from previous 4.5% to 4.4% in June
United Kingdom Claimant Count Rate fell from previous 4.5% to 4.4% in June
United Kingdom Public Sector Net Borrowing declined to £15.989B in June from previous £23.294B
United Kingdom Public Sector Net Borrowing declined to £15.989B in June from previous £23.294B
UK Unemployment Rate steadies at 4.9% in May vs. 5.0% expected
The United Kingdom’s (UK) ILO Unemployment Rate remained steady at 4.9% in the three months to May after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday. The data came in below the market consensus of 5.0%.
Switzerland Trade Balance fell from previous 6110M to 5224M in June
Switzerland Trade Balance fell from previous 6110M to 5224M in June
United Kingdom Employment Change (3M): 147K (May) vs 100K
United Kingdom Employment Change (3M): 147K (May) vs 100K
United Kingdom ILO Unemployment Rate (3M) below expectations (5%) in May: Actual (4.9%)
United Kingdom ILO Unemployment Rate (3M) below expectations (5%) in May: Actual (4.9%)
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) meets expectations (3.4%) in May
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) meets expectations (3.4%) in May
United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 4.3%, below expectations (4.5%) in May
United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 4.3%, below expectations (4.5%) in May
United Kingdom Claimant Count Change registered at 6.7K, below expectations (28.3K) in June
United Kingdom Claimant Count Change registered at 6.7K, below expectations (28.3K) in June
Silver Price Forecast: XAG/USD surges to near $58.20 as oil price rally hits pause
Silver price (XAG/USD) is up over 3% to near $58.20 during the early European trading session on Tuesday.