The UK unemployment rate came in at 4.2% against an expected 4% and an earlier reading of 4%. In terms of sheer numbers, the registered unemployed added 29,000, the highest since the Covid outbreak. The whole data paclk is topped off by a strong jump in wages (ex bonus), +7.8% y/y against the expected 7.4% and the earlier reading of 7.3%. Wages data continues to run hot and that might keep the pressure on the BOE to tighten policy further. The GBPUSD pair is gaining after today's data reading.
Interest rates in Turkey have been lowered by 250 basis points to 47.5% from 50%. A cut to 48.5% was expected. It is worth mentioning that inflation has...
09:32The US100 is retreating just below 22000 points today, after a strong rally on Tuesday, Christmas Eve. The growth was driven by technology companies. Strong...
08:17The second Day of Christmas is a public holiday for most European economies, with stock exchanges remaining closed. On the other hand, the majority of...
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