GBP/USD: Unfazed around 1.4120 after UK jobless rate meets estimates with 4.7% in April

• UK claimant count change arrived at -92.6K in May.
• The unemployment rate in the UK dropped to 4.7% in April.
• The UK wages excluding bonuses rose by 5.6% YoY vs. 5.3% expected.

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).