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We’ve got jobs data and a couple of leading indicators coming in from the U.K. economy this week. Here’s what’s up!

Employment reports (Jan. 21, 9:30 am GMT)

  • Claimant count change for December to show 33.4K increase in joblessness
  • Unemployment rate to hold steady at 3.8%
  • Average earnings index to tick lower from 3.2% to 3.1% in the three-month period ending in November
  • Weaker than expected results could put more downside pressure on the pound

Flash PMI readings (Jan. 24, 9:30 am GMT)

  • Flash manufacturing PMI to climb from 47.5 to 48.8 to signal slower contraction
  • Flash services PMI to improve from 50.0 to 51.1 to reflect stronger expansion

Technical snapshot

  • The short-term trend strength analysis tool shows that most pairs are in bearish territory.
  • GBP/AUD and GBP/JPY are on a weakening bullish trend while EUR/GBP is still bullish.
GBP Trend Strength from MarketMilk
GBP Trend Strength from MarketMilk
  • Most pairs are on neutral grounds based on stochastic, with the exception of GBP/CHF which is looking bullish.
GBP Stochastic from MarketMilk
GBP Stochastic from MarketMilk

Missed last week’s price action? Read GBP’s price recap for January 13 – 17!