Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

UK wages grew at the fastest pace since the 2008-09 global financial crisis and employment reached a record high in the second quarter, despite contraction in the economy, data from the Office for National Statistics revealed Tuesday.

Total average weekly pay grew 3.7 percent in the year to June to GBP 538. This was the strongest growth rate seen since June 2008 and was in line with expectations.

Excluding bonus, average pay climbed 3.9 percent, also the fastest since June 2008, and exceeded the forecast of 3.8 percent.

Wage growth data suggests that it may be too early to be talking about Bank of England rate cuts, although as ever, it all depends on Brexit, James Smith, an ING economist, said.

In the three months to June, employment increased by 115,000 to reach a record 32.81 million. The ONS said employment has been on an upward trend since 2011. The employment rate remained unchanged at 76.1 percent.

The jobless rate increased by 0.1 percentage points on the quarter to 3.9 percent in the three months to June. Economists had forecast the rate to remain unchanged at a 44-year low of 3.8 percent. The number of people out of work rose by 31,000 to 1.33 million.

In July, the claimant count rate held steady at 3.2 percent. The number of people claiming jobseekers' allowance increased by 28,000 from June.

Another report from ONS showed that output per hour, the main measure of labor productivity, fell 0.6 percent from last year. Output per worker also dropped 0.1 percent annually.

Andrew Wishart, an economist at Capital Economics, said as output per hour fell for a fourth consecutive quarter, higher wage growth should push up unit labor costs and inflation even as it supports consumer spending.

As a result, if a no-deal Brexit is avoided, the economist still expects interest rates to rise next year. However, a hit to demand from a no-deal Brexit would cause the labor market to soften, justifying interest rate cuts, Wishart noted.