The $GBPUSD pair remained under pressure on Tuesday morning ahead of the latest UK jobs data. Forex signals
The Office of National Statistics will publish the latest UK jobs data in the morning session. Economists expect the data to show that the country’s labor market strengthened in January as the country moved from Covid restrictions.
Additional numbers are expected to show that the average earnings plus bonus 4.6% in January from the previous 4.3%. Without bonuses, analysts believe that wages rose by 3.7%. The number of people filing for unemployment claims are also expected to have dropped. Also, like in most countries, the UK will see rising costs across the board. Prices of most items like oil and natural gas has been in an upward trend.