Breaking: UK April Unemployment Rate beats estimates with 3.9%, GBP/USD unfazed

• UK May jobless claims changed +528.9K vs +370K expected.
• The UK wages excluding bonuses rose by 1.7% YoY vs. +1.9% expected.
• The unemployment rate in the UK steadied at 3.9% in April.

More to come ....

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).