News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday’s non-farm payrolls figure may rekindle upside USD bets if it impressive. Get your weekly USD forecast from @FxWestwater here:
GBP/USD Unfazed by Solid Job Figures, Market Focus on Later Events

GBP/USD Unfazed by Solid Job Figures, Market Focus on Later Events

Oded Shimoni, Junior Currency Analyst

Talking Points:

  • The UK unemployment rate remained unchanged at decade low 5.1%, as expected
  • Core weekly earnings rose to 2.2%, above expectations
  • GBP/USD little changed after the figures hit the wires

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The British Pound was little changed versus the US Dollar (at the time this report was written) after today's UK employment data printed solid figures. The Office for National Statistics (ONS) reported that the unemployment rate from November to January remained unchanged at 5.1%, as the prior and expected rate. The UK added 116K jobs in the same time period, which was below the expectation for an addition of 144K jobs and the prior 205k print. The number of people employed rose to a record 31.42 million. The Jobless Claims figure beat expectations and signaled a drop of -18.0K, which was better than the expected -9.1K figure. The prior reading was revised to -28.4K from the -14.8K print. Wage figures showed that Core average weekly earnings (which excludes bonuses) rose by 2.2% in the last three months from the prior 2.0%, which was better than the 2.1% figure expected by economists. Average weekly earnings including bonuses rose as well to 2.1% from the prior 1.9%, above the 2.0% print expected. Looking into the report, the ONS said there were 22.94 million people working full-time, 302,000 more than for a year earlier, while 8.48 million people are working part-time, 177,000 more than for a year earlier.

The data today comes a day prior to the BoE rate decision, in which the central bank is expected to keep policy unchanged. In their latest policy meeting, the Monetary Policy Committee (MPC) commented that risks to inflation projections are skewed a little to the downside in the near term. This may have put slighter emphasis on the wage figures, closely monitored by the BoE, as wage growth may help induce inflation pressures. It appears that the figures, although beating expectations by the most part, were not immediately sufficient to change the market’s outlook on BoE policy. Furthermore, as was mentioned earlier today by DailyFX currency Strategist Ilya Spivak, UK Chancellor of the Exchequer George Osborne is set to make a budget speech to parliament later today, and some austerity measures are expected, which could mean that fiscal policy will not offer meaningful support to economic growth in the year ahead. Taking this into consideration, and the monetary policy announcement from the Federal Reserve later today, it appears that the market focus is elsewhere at the moment and the GBP/USD was little changed.

GBPUSD 5-minute Chart

GBP/USD Unfazed by Solid Job Figures, Market Focus on Later Events

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.