Novermber 2017 UK labour market report 13 December 2017

  • Prior 1.1k. Revised to 6.5k
  • Oct 2017 ILO unemployment rate 4.3% vs 4.2% exp. Prior 4.3%
  • Average weekly earnings 2.5% vs 2.5% exp 3m y/y. Prior 2.2%. Revised to 2.3%
  • Ex-bonus 2.3% vs 2.2% exp. Prior 2.2%

Wages more or less confirmed better and that’s trumping the jump in claims.

GBPUSD had already run higher to 1.3367 pre-release and is now lower at 1.3352. No leaks whatsoever #sarcasm.

ONS says;

  • Annual real earnings fell by 0.2% Jul-Sep 2017 (incl bonus) and by 0.4% (ex-bonus)
  • The unemployment rate declined by 0.1ppt to 4.3% 3M-Oct 2017 vs previous quarter
  • The fall of 56K in Aug-Sep 2017 employment largest drop since 67K drop Mar-May 2015
  • 44K net outflow from employment Jul-Sep 2017 highest since Jul-Sep 2011
  • Employment rate fell 0.2ppt to 75.1% 3M to Oct 2017 vs previous quarter
  • Inactivity rate up 0.3% on quarter to 21.5%, a rise of 115K
  • Vacancies rise 14K on quarter to record high of 798K
K data leaks GBPUSD 13 12 2017

GBPUSD 15m chart

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest