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GBP: Trading the British Average Earnings Index
British Average Earnings Index, released each month, is a leading of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as a key indicator, an unexpected reading can have a significant effect on the movement of GBP/USD. The indicator improved in July, posting a gain of 2.9%, up from 2.4% a month earlier. This beat the estimate of 2.5%. The upward trend is expected to continue, with an ... (full story)