So there is life beyond Brexit apparently, and markets were reminded of that yesterday with the latest release of UK employment figures. The number of people in employment rose once again while the employment rate itself hit 75.8 percent; the highest level since records began. Importantly as well, with so little slack in the employment market, it’s also crucial to look at wage growth figures, which even beat expectations rising to 3.4 percent, the highest level since 2008. With real wages continuing to outstrip inflation, the Pound felt buoyed yesterday.
The market, however, is still solely interested in Brexit proceedings with reports that a hard-looking Brexit is entirely discounted however this seems premature still.
The GBP/USD pair is trading at 1.3033, a 0.58 percent increase.