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GBP/USD: 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 Tuesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and an unexpected reading can have a significant effect on the movement of GBP/USD. The key indicator has been gaining strength in recent readings, and posted an excellent gain of 3.2% in May, within expectations. The estimate for June stands at 2.8%. Will the indicator match or ... (full story)