The unemployment level is going down in the UK. Still, the pace of this decline slowed down last month. This slowdown turned out to be bigger than expected. However, the salaries seem to be growing.
In particular, the rate of unemployment in August-October declined by 6%, if to believe the official report published by the Office for National Statistics. the figures failed to come up to analyst expectations anticipating 5.9%.
In absolute figures, the amount of unemployed British citizens was equal to 1.96 million people. The amount contracted by 63 000 people over the reporting period.
Meanwhile, the expert members of Masterforex-V Academy help us define the near-term prospects of many currency pairs, including GBPUSD. According to the experts, the currency pair finished we A/B of level H3 on December 19th.
On breaking below the 1.5540 low, the price is going to to resume the long-term downtrend, if this breakout happens.
If this is the case, the next levels to watch are 1.5482, 1.5446.
Alternatively, a break above the local high at 1.5681 is going to trigger wave A/B of level H4 or higher, the experts assume. the closest levels of resistance are going to be located at 1.5712/23 as well as pivot 1.5735 and the top of the descending MF sloping channel, as shown in the chart below, courtesy of Masterforex-V Academy.
