{"id":140620,"date":"2019-01-25T10:45:19","date_gmt":"2019-01-25T15:45:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140620"},"modified":"2019-01-25T06:47:05","modified_gmt":"2019-01-25T11:47:05","slug":"gbpaud-analysis-slowing-private-sector-in-australia-bullish-for-gbpaud","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/gbpaud-analysis-slowing-private-sector-in-australia-bullish-for-gbpaud\/","title":{"rendered":"GBPAUD Analysis: Slowing private sector in Australia bullish for GBPAUD"},"content":{"rendered":"
January 25, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Slowing private sector expansion in Australia bullish for GBPAUD<\/strong><\/p>\n

UK\u2019s labor market data improved while Australia\u2019s private sector expansion slowed. Will the GBPAUD<\/a> continue gaining?<\/p><\/blockquote>\n

Latest economic data from UK were positive while Australia\u2019s data deteriorated. UK unemployment rate declined to 4% in November from 4.1%, and average earnings growth accelerated to 3.4% from 3.3% in October. At the same time the 20.8 thousand of unemployment benefits claims in December was below the 28.4 thousand claims in November. In Australia business activity expansion slowed in January: Markit\u2019s Composite PMI index declined to 51.5 in January from 52.9 in December, readings above 50.0 indicate expansion. And while the unemployment unexpectedly down-ticked to 5% in December from 5.1%, it was due to increase in part-time work which offset a decline in full-time employment. Weaker Australian data while UK data improved are bullish for GBPAUD.<\/p>\n

\"GB100<\/p>\n

On the daily timeframe the GBPAUD: D1<\/b> is retracing to three-week high.<\/p>\n