View full page at forexfactory.com

 

GBP/USD: Trading the British Average Earnings Index

From forexcrunch.com

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 9:30 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 has been steady and edged up to 3.0% in August, which was within expectations. The upward trend is expected to continue, with an estimate of 3.2% for the ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News