Lackluster U.K. Employment Report to Drag on GBPUSD Rate

Trading the News: U.K. Employment Change

交易新闻：英国就业变化

Updates to the U.K. Employment report may produce headwinds for the British Pound as the figures are anticipated to show a slowdown in both job and wage growth.

英国就业报告的更新可能会对英镑产生阻力，因为这些数据预计会显示两者都放缓工作和工资增长。

The U.K. economy is anticipated to add 141K jobs in the three-months to March following the 179K expansion during the previous period, while Average Weekly Earnings are expected to slow to 3.4% from 3.5% per annum in February.

英国经济预计将在截至3月份的179个月增长后的3个月内增加141,000个就业岗位。上一期间，平均每周收益预计将从2月份的每年3.5％放缓至3.4％。

Signs of a less robust labor market may spark a bearish reaction in GBP/USD as it encourages the Bank of England (BoE) to retain a wait-and-see approach for monetary policy, and the central bank may merely attempt to buy more time at the next meeting on June 20 as the Monetary Policy Committee (MPC) insists that ‘U.K. data could be unusually volatile in the near term, due to shifting expectations about Brexit in financial markets and among households and businesses.’

劳动力市场不太强劲的迹象可能引发英镑的利空反应/美元因为它鼓励英格兰银行（BoE）保留货币政策的观望态度，央行可能只是试图在6月20日的下一次会议上购买更多时间作为货币政策委员会（MPC）坚持说'英国由于英国脱欧在金融市场以及家庭和企业中的预期转变，短期内数据可能异常波动。

In turn, a slowdown in both job and wage growth may drag on the British Pound, but a batch of above-forecast data prints may trigger a rebound in GBP/USD as it put pressure on Governor Mark Carney & Co. to further normalize monetary policy in 2019.

反过来，就业和工资增长放缓可能拖累英镑，但一批高于预期的数据可能引发英镑/美元的反弹，因为它对总督Mark Carney＆Co。施加压力，要求在2019年进一步实现货币政策正常化。

Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups.

注册并加入DailyFX货币分析师David Song LIVE，有机会讨论潜在的交易设置。

Impact that the U.K. Employment report had on GBP/USD during the last print

英国就业报告对英镑/美元的影响最后一次打印

March 2019 U.K. Employment Change

Period 数据已发布 估计 实际 点数变化（事件发生后1小时） 点数变化（日终结束）事件） 2019年3月 04/16/2019 08:30:00 GMT 181K 179K -9 -43 2019年3月英国就业变化

{8}

GBP/USD 5-Minute Chart

{8}

U.K. Employment increased 179K during the three-months through February after expanding 222K the month prior, while the Unemployment Rate held steady at 3.9% per annum for the second month. A deeper look at the report showed Average Weekly Earnings also holding steady at 3.5% during the same period following an upward revision for January, while Jobless Claims climbed another 28.3K in March after increasing a revised 26.7K the month prior.

UK截至2月份的三个月内，就业人数增加了17.9万，前一个月增加了22.2万，而失业率第二个月稳定在每年3.9％。深入研究报告显示，在1月向上修正后的同期，平均每周收益也保持稳定在3.5％，而3月份失业救济人数增加了修正后的26.7万，并在3月再次增加28.3万。

The mixed figures generated a limited reaction in GBP/USD, but the British Pound struggled to hold its ground during the North American trade, with the exchange rate slipping 1.3050 region to close the day at 1.3045. Learn more with the DailyFX Advanced Guide for Trading the News.

混合数据引发英镑/美元的反应有限，但英镑在北美交易中挣扎，兑换汇率1.3050区域收盘于1.3045收盘。使用DailyFX交易新闻高级指南了解更多信息。

GBP/USD Rate Daily Chart

英镑/美元汇率每日图表

• The broader outlook for GBP/USD is no longer constructive as both price and the Relative Strength Index (RSI) snap the upward trend from late last year after failing to close above the Fibonacci overlap around 1.3310 (100% expansion) to 1.3370 (78.6% expansion).

  由于价格和相对强弱指数（RSI）从去年年底开始呈现上升趋势，英镑/美元的前景不再具有建设性。未能收于斐波纳契重叠上方1.3310（100％扩张）至1.3370（扩张78.6％）。

• Moreover, former channel-support appears to be offering resistance as GBP/USD stages a failed attempt to test the April-high (1.3196), with a break/close below the 1.2950 (23.6% retracement) to 1.3000 (61.8% retracement) region opening up the Fibonacci overlap around 1.2880 (50% retracement) to 1.2890 (23.6% expansion), which largely lines up with the April-low (1.2866).

  此外，前通道支持似乎英镑/美元上行尝试测试4月高点（1.3196），突破/收盘跌破1.2950（23.6％回撤位）至1.3000（61.8％回撤位）区域，开盘斐波那契重叠在1.2880附近。 50％回撤位）至1.2890（扩张23.6％），主要与4月份相符低点（1.2866）。

  {14}

• However, lack of momentum to close below the 1.2950 (23.6% retracement) to 1.3000 (61.8% retracement) region may open up the monthly range, with a move back above 1.3090 (38.2% retracement) opening up the 1.3170 (78.6% retracement) area, which lines up with the May-high (1.3177).

  {14}

--- Written by David Song, Currency Strategist

---由货币策略师David Song撰写