GBP Recovering TuesdayMarket Review: 19/3/2019
The pound sterling was recovering Tuesday morning against the US dollar. The pair is currently trading at 1.3272. A few job reports are expected in the UK today. This includes the unemployment report, which is expected to rise by 13.1K, compared to 14.2K a month ago. The average hourly wages have most likely risen by 3.20%, while the unemployment rate is likely to stay unchanged at 4%.
With the Brexit issues still across the board, this job stats may be considered quite good, as the tumult may have worried the markets much stronger. The businesses, however, are likely to be alright with such an unknown economic outlook in the country and are ready to work in spite of everything.
If the reports meet the expectations, this won't mean much for the GBP, while Brexit is still the key driver. The Parliament is voting today at 2 pm GMT, and many things may depend on this voting.
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