Yes folks, as if the moves so far haven't spurred some interest we now have the data highlight of the morning
Apols, not a lot of time left for a full preview but suffice to say that the earnings data will be viewed as/more keenly than the jobs data although both will have a bearing on the Old Lady's deliberations
Here's the forecasts
Average earnings Index +1.8% exp as prev
Claimant count change -29.5k vs -31k prev
Unemployment rate Feb 5.6% vs 5.7% prev
This will be the last jobs/earnings release before the UK election so expect govt/oppo to milk it for all it's worth dependent on outcome and who it suits most
No prizes for guessing by now that 1.4985-1.5000 has decent sellers/resistance and a better than expected number will pop that given we're close but it will be a good indication of current demand to see how far it runs
Conversely a weaker release will see test of 1.4935-50 again
We'll find out soon enough
