FX.co ★ Global macro overview for 14/10/2015

Global macro overview for 14/10/2015:

The UK unemployment figures released today as claimant count change had revealed the biggest decrease in unemployment figures since mid-2008 (4.6k vs. -2.3k, 1.2k prior). The unemployment rate fell to 5.4% from 5.5% a month ago, but the wages growth rate slowed down to 3.0% from 3.1% on a three-month basis. Nevertheless, the wage growth at this levels can still boost consumer spending, while the negative inflation reading will prevent the BoE from the interest rate hike any time soon.

The GBP/USD pair reacted in a bullish way and is currently trading near the important technical resistance at the level of 1.5387. The next support is seen at the level of 1.5300.