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DAY 11 - U.K. NEWS EVENT

Quote: " It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared." - By Whitney Moore Young

Expecting lot of volatility tomorrow In GBP pairs, as Bank of England is scheduled to publish its quarterly Inflation Report, Unemployment Claims, Unemployment Rate and Average Earnings numbers. The market will look to these reports to try to piece together the central bank’s interest rate hike timetable.
Moreover, it would be interesting to know B…
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PPandM avatar
PPandM 11 11月

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VictoriaVika avatar

Jesse Livermore! One of the first traders. Good saying.

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U.K. Unemployment Rate Drops to 5 Year Low

Relatively healthy labor market numbers and more specifically the decline in the unemployment rate drove the GBP higher versus the USD and EUR. EUR/GBP dropped to its lowest level since January 2013 and is now within 20 pips of its 17-month low. Jobless claims fell by 27k in the month of May, driving the unemployment rate from 6.8% down to 6.6%, a 5 year low. While GBP continues to outperform thanks to the improvements in the labor market and the economy overall, without a rise in wage growth…
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