In the middle of the week, GBPUSD is saving strengths after growing on Tuesday.
The British Pound is looking stable against the USD on Wednesday morning. The current quote for the instrument is 1.2948.
Yesterday, the United Kingdom published several macroeconomic reports. The first one, the Unemployment Rate, decreased up to 4.0% in November after being 4.1% the month before, although it wasn’t expected to change at all. The actual reading is the lowest since December 1974. The participation rate is 75.8%, which is also highest level since 1971.
The total number of unemployed fell to 1.37M million, which is 68K less than in the previous year.
The Average Earnings Index added 3.4% 3m/y, which is a bit better than expected. The Claimant Count Change increased by 20.8K in December after adding 24.8K the month before and against the expected reading of 20.1K.
On Tuesday, the German Minister of Justice and Consumer Protection Katarina Barley offered to hold one more referendum in the United Kingdom seeing as the country can’t leave the European Union according to Theresa May’s plan. In Barley’s opinion, the UK missed the right moment to gain the EU’s support, but if London holds the second referendum, there might be a chance for extension.
At the same time, the German Chancellor Angela Merkel spoke earlier that she was going to do her best so that the United Kingdom could have an opportunity to leave the European Union with trade agreement.