GBP/USD keeps range around 1.3050 even as UK jobless rate ticks higher to 4.5% in August

• UK Sept jobless claims changed +28K vs +78.8K expected.
• The unemployment rate in the UK rises to 4.5% in August.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate ticked higher to 4.5% in August vs. the previous 4.1% and 4.3% expected, while the claimant count change showed a smaller-than-expected increase last month.

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).