Market insights

UK Average Earnings Pop

This morning saw the UK release its unemployment rate and average earnings change.

Unemployment came it at the expected 4.4% and average earnings grew by 5.6%.

This growth is now well ahead of inflation, and may start to bridge the gap.

Whilst this news is good for consumers, it had little effect on Pound rates which continue to track sideways.

Today could see the start of volatility in the markets. The inauguration of Donald Trump appears to have put the money markets on standby whilst traders work out what was positive and what was negative, and therefore where to trade accordingly.

Outside of that there's plenty to get teeth into.

Canadian inflation is out just after lunch with analysts predicting annualised growth of 1.8%.

New Zealand inflation follows later in the night with 2.1% growth expected.

Into tomorrow the UK releases its public sector net borrowing position at breakfast, and there's a good chance this will be followed closely by traders based on recent rhetoric regarding UK Government borrowing.

Business news covers the US inauguration and all the signed executive orders. With such an array of orders there's still questions over what the impact will be on the global economy.

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Economic calendar

CAN: 13:30 Inflation Report

NZ: 21:45 Inflation Report

UK: Wednesday 07:00 Public Sector Net Borrowing

As ever we look forward to keeping you in the loop and look out for our next update.

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