GBP/USD keeps range around 1.4170 after UK jobless rate unexpectedly drops to 4.8% in March

• UK claimant count change arrived at -15.1K in April.
• The unemployment rate in the UK dropped to 4.8% in April.
• The UK wages excluding bonuses rose by 4.6% YoY vs. 4.6% expected.

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).