14/05/2019 – This Morning’s Exchange Rates
- Posted by currencies in Rate Alerts
- May 14, 2019
- No Comments
Please see this morning’s exchange rates listed at the bottom of the article. The rates are there for indication purposes only. For live accurate prices please contact us.
Britain’s unemployment rate fell to its lowest level since the mid-1970s as a pre-Brexit hiring surge continued, but workers’ pay rose a bit less quickly in the first three months of 2019, official data showed this morning.
The unemployment rate stood at 3.8%, its lowest since early 1975 and down slightly from a previous reading of 3.9%, the Office for National Statistics said this morning.
Employment grew by 99,000, below the median forecast of 135,000 in a poll of economists.
In the January-March period, total earnings, including bonuses, rose by an annual 3.2%, slowing from 3.5% in the three months to February and weaker than a forecast of 3.4% in the poll.
The BoE this month said it expected wage growth of 3% at the end of this year.
The British currency is at a two-day low, also being dragged lower by the broader environment, with trade tensions between the United States and China hurting stocks earlier this week.
Leave a Reply