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 3.4% against a forecast of 3.2%.
Recent economic data has been broadly neutral 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 (QoQ) | (no change) | 0.6% | 0.6% | ||
| Gross Domestic Product (YoY) | Bearish change | 1.1% | 0.9% | ||
| S&P Global Composite PMI | Bearish change | 49.7 | 49.4 | ||
| S&P Global Manufacturing PMI | Bearish change | 53.9 | 53.1 | ||
| S&P Global Services PMI | Bearish change | 49.3 | 48.7 | ||
| Retail Sales (MoM) | Bullish change | -1% | 1.2% | ||
| Retail Sales (YoY) | Bullish change | 0.1% | 3.2% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | -0.1% | 1.2% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | 1.1% | 4.6% | ||
| GfK Consumer Confidence | (no change) | -23 | -23 | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bullish change | 1 | 2 | ||
| Average Earnings Including Bonus (3Mo/Yr) | (no change) | 4.4% | 4.4% | ||
| Claimant Count Change | Bearish change | 8.3K | 31.2K | ||
| Claimant Count Rate | Bearish change | 4.4% | 4.5% | ||
| Employment Change (3M) | Bearish change | 148K | 100K | ||
| ILO Unemployment Rate (3M) | Bullish change | 5% | 4.9% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Office for National Statistics |
| Category: | Labor Market |
| Frequency: | Monthly |