UK unemployment »

  • H.S. Borji

    The British pound weakened against the US dollar Wednesday, as a divided Bank of England grew increasingly wary about the projected path of inflation in its latest policy meetings. The GBPUSD tumbled 0.58 percent to 1.5655. The pair faces initial support at 1.5637 and resistance at 1.5813. Another solid quarter of job gains was unable

  • H.S. Borji
    Business » UK Employment Report on Deck
    H.S. Borji - September 17, 2014, 01:53 GMT

    The Office for National Statistics will release its monthly employment report on Wednesday, providing key insights about UK employment and average earnings growth. The report is expected to show the labour market continued to improve in August, as average earnings rebounded and jobless claims continued to decline. The UK unemployment rate declined 0.1 percentage point

  • H.S. Borji
    Forex » Positive Sentiment Lifts US dollar
    H.S. Borji - July 16, 2014, 20:21 GMT

    The US dollar advanced for a second consecutive day against a basket of currencies, as mixed economic data didn’t detract from positive sentiment about US recovery. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.2 percent to 80.55. The index has advanced 0.7 percent since July

  • The British pound is on pace to advance 0.3 percent against its US counterpart this week, with latest testimony from the Bank of England suggesting the economy may warrant a change in policy sooner rather than later. Next week will provide a key test for the GBP/USD, which was on its heels Friday amid weaker

  • The British pound ended the week on firm footing against its US counterpart, advancing after mixed economic reports undermined confidence in US recovery. The GBPUSD advanced 0.26 percent to 1.6761, after reaching an intraday high of 1.6777. The trend line shows initial support at 1.6692 and resistance at 1.6768. Friday’s gain was unable to erase

  • H.S. Borji
    Forex » Sterling Holds Trend Line Support
    H.S. Borji - March 19, 2014, 11:46 GMT

    Sterling is trading just above trend line support, as strength in the UK labor market, helped the pound rebound after slicing through trend line support. The bounce back prior to the US trading session, has caught a number of trader’s off sides, which could lead to a short squeeze during the US trading session. The

  • Forex » UK unemployment falls to 7.6 percent
    November 14, 2013, 07:15 GMT

    UK unemployment edged one notch closer to the Bank of England’s target rate of 7 percent, the level at which policymakers could begin raising interest rates. The unemployment rate fell to 7.6 percent in the three months to September, the lowest since 2009, according to the Office for National Statistics. In total, 41,700 fewer Britons