The number of jobless claims in the UK fell by 31,900 people during the month of January after falling by 43,300 in December. This is the eleventh consecutive month of falls in the indicator.
The December ILO unemployment rate stood at 4.1% for the second month in a row, as expected, its lowest level since June 2020.
The Average earnings of British workers excluding bonuses increased by 3.7% in the three months from October to December, above the forecast 3.6% and below the previous 3.8%. The salaries including bonus increased by 4.3% in the same period, improving the previous 4.2% and the estimated 3.9%.
GBP/USD reaction
The GBP/USD It has barely reacted to the news, staying in a tight trading range of about 20 pips since the start of Tuesday between 1.3525 and 1.3546. At time of writing, the pair is trading above 1.3537, gaining 0.10% daily.
Source: Fx Street
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