Breaking: GBP/USD rises towards 1.3050 as UK wages beat estimates with 3.2%

• The UK wages excluding bonuses rose by 3.4% YoY vs. +3.4% expected.
• The UK wages including bonuses rose by 3.2% YoY vs. +3.1% expected.
• The UK unemployment rate steadies at 3.8% in November.

More to come ...

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

GBP/USD Levels to watch