Here are the key factors to keep in mind today for British Pound trades:
- UK Jobless Claims Change and Claimant Count Rate: UK Jobless Claims Change for February are expected to decrease by 9.1K. Forex traders can compare this to UK Jobless Claims Change for January which decreased by 14.8K. The UK Claimant Count Rate for February is expected at 2.2%. Forex traders can compare this to the UK Claimant Count Rate for January which was reported at 2.2%.
- UK Employment Report: The UK Employment Change for January is expected to show 144K job additions. Forex traders can compare this to the UK Employment Change for December which showed 205K job additions. The UK ILO Unemployment Rate for January is expected at 5.1%. Forex traders can compare this to the UK ILO Unemployment Rate for December which was reported at 5.1%. Average weekly earnings for January are expected to increase by 2.0% annualized. Forex traders can compare this to average weekly earnings for December which increased by 1.9% annualized. Average weekly earnings excluding bonuses for January are expected to increase by 2.1% annualized. Forex traders can compare this to average weekly earnings excluding bonuses for December which increased by 2.0% annualized.
Here are the key factors to keep in mind today for US Dollar trades:
- US Housing Starts and Building Permits: US Housing Starts for February are expected to increase by 4.8% monthly to 1,150K. Forex traders can compare this to US Housing Starts for January which decreased by 3.8% monthly 1,099K. US Building Permits for February are expected to decrease by 0.2% monthly to 1,200K. Forex traders can compare this to US Building Permits for January which decreased by 0.2% monthly 1,202K.
- US CPI: The US CPI is expected to decrease by 0.2% monthly and to increase by 0.9% annualized. Forex traders can compare this to the US CPI for January which was flat at 0.0% monthly and increased by 1.4% annualized. The US Core CPI is expected to increase by 0.2% monthly and to increase by 2.2% annualized. Forex traders can compare this to the US Core CPI for January which increased by 0.3% monthly and by 2.2% annualized.
- US Fed: The US Fed is expected to keep interest rates unchanged at 0.50%. Forex traders can compare this to the previous Fed decision to increase interest rates from 0.25%.
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
