The British Pound weakened against the Greenback, following the US Average Earnings Index data release on Tuesday. The GBP/USD currency pair lost 16 pips, or 0.11%.
The Office for National Statistics released three reports simultaneously, from which the most impactful Average Earnings Index data came out lower-than-expected and instead of growing by 3.0%, it stayed in line with the previous period’s 2.8% growth rate. Claimant Count Change and Unemployment Rate data came out better-than-expected, having a growth of 11.6K and 4.2% respectively. However, jobless claims grew more than in the previous month, jobless rate decreased, indicating that more people got a job than those who claimed unemployment.
