# Pound Sterling Rises as UK Wages Grow Faster than Expected in January and Unemployment Rate Falls

> UK wage growth rose to 2.8% in the three months to January, above the 2.6% expected, and unemployment fell to 4.3%, its lowest since 1975. Sterling rose, with the pound-to-dollar rate quoted 0.45% higher at 1.4062.

- Date: 2018-03-21 · published 2018-03-21T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66237-pound-sterling-rises-as-uk-wages-grow-faster-than-expected-in-january-and
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger UK labour data supports expectations of a Bank of England rate hike, which lifts sterling and has only indirect effects on feed input costs.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/8733-british-pound-today-uk-wages-and-unemployment-in-focus-at-pivotal-point-for-sterling

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.