GBP/USD holds above 1.40 after UK jobless rate beats estimates with 4.9% in February

GBP/USD holds above 1.40 after UK jobless rate beats estimates with 4.9% in February

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).