Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Today GBP/USD pair increased, right after the release of positive data, concerning the labour market situation in United Kingdom. The pound expanded its positions versus the US dollar, reaching 1.5254 during European trade session. Resistance levels were expected at 1.5331, Tuesday high value, while the pair was to be supported at 1.5099, low value on April 2nd.

Strong data was released today, regarding the ILO (International Labour Organization) Unemployment Rate in UK during Q1 2013, which decreased by 0.1% to 7.8%. Estimates were fixed at 7.9%.

Reports showed that Jobless Claims were reduced by 7300 during April, far exceeding the estimated number of -3000.

Additionally, it was reported that Average Earnings including Bonuses in UK dropped by 0.4% to 0.4% during Q1 2013, compared to Q1 2012, mismatching the forecast of 0.7%.

In the mean time, the pound was trading lower against the euro, with EUR/GBP advancing 0.33% to trade at 0.8459. GBP/JPY cross was also gaining today, up 0.57% to trade at 156.01.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Euro Slips as Dollar Gains on Energy Inflation FearsEuro Slips as Dollar Gains on Energy Inflation Fears Key Moments EUR/USD trades around 1.1540 in Asian hours on Thursday, marking a third consecutive session of losses. February US CPI rose 0.3% MoM and 2.4% YoY, with core CPI up 0.2% MoM and 2.5% YoY, supporting expectations for […]
  • Forex Market: USD/ILS daily trading forecastForex Market: USD/ILS daily trading forecast Yesterday’s trade saw USD/ILS within the range of 3.8220-3.8528. The pair closed at 3.8440, gaining 0.02% on a daily basis.At 8:44 GMT today USD/ILS was up 0.08% for the day to trade at 3.8470. The pair broke the first key weekly […]
  • Spain posts smallest trade deficit since March 2023Spain posts smallest trade deficit since March 2023 Spain's trade gap in February has been the smallest since March 2023, the latest data showed.The nation's trade balance shortfall was reported at EUR 2.4 billion in February, compared to a deficit of EUR 2.5 billion in the same month […]
  • Natural gas trading outlook: futures extend slide as Arctic air seen containedNatural gas trading outlook: futures extend slide as Arctic air seen contained Natural gas fell for a third straight session on Monday as weather forecasts called for the likelihood of frigid air late this week to remain mostly contained within Canada, selling off previous expectations for Arctic blasts to hit large […]
  • Natural gas trading outlook: futures drop on active weather ahead of EIA dataNatural gas trading outlook: futures drop on active weather ahead of EIA data Natural gas fell for a second day, paring earlier weekly gains, as cooler weather across the northern US curbed cooling demand, while next weeks developments remained unclear and todays EIA report is expected to print a below-average inventory […]
  • Installed Building Products acquires AMD DistributionInstalled Building Products acquires AMD Distribution Installed Building Products Inc (IBP) said on Monday that it had agreed to acquire AMD Distribution Inc, based in Spring Valley, Minnesota.Financial details of the agreement were not disclosed.“AMD’s scale and experience serving […]