average earnings (ex Bonus) is considered, it came down step by step from +3.9% growth in September 2019 (that was a ten-year maximum) to 3.4% growth only in January 2020. The unemployment rate is expected to remain at around 3.8% or 3.9% - that is the lowest levels since 1975 - but then if the U.K. The consensus by the Bloomberg pole estimates for this Tuesday's release to be about 110,000. But the average figures were almost near to zero since June, so it is now expected that any number higher than +100,000 would be interpreted by the market as a favourable background for the British economy, which is just emerging from a Brexit period which was linked to uncertainty. The latest labour report on Janurepresented a remarkable +208,000 three-month surplus in the number of employed workers.
CBI PARALLELS PLUS
Inflation data will be coming out on Wednesday, while the retail sales and the industrial trends orders, which will be released by the Confederation of British Industry (CBI), plus the Purchasing Managers' Index (PMI) will complete this everyday information stream from the United Kingdom. labour market statistics is due to be issued on Tuesday, including the data about employment changes and jobless rates for December 2019, plus wages growth dynamics. The upcoming week may be busy for the British Pound.