Positive data is expected for British labor market
Wednesday is expected to bring a bunch of long-awaited economic reports, such as the monthly update on British labor market. Market participants are looking forward to fresh data on existing home sales for March in America. Traders also keep an eye open on the bullish sentiment in the EUR/USD.
Currently, the United Kingdom will face multiple layers of economic uncertainty if voters make up their mind to leave the EU now. That’s what many analysts think of the probably Brexit. Howeever, whatever occurs, recent history seems quite encouraging via the labor market trend, as it provides a sufficient degree of comfort ahead of the Brexit voting.
No one knows for sure how payrolls might influence the other side of the decision to break up with the European Union. Obviously, the rear view mirror for jobs is still actual and current numbers are on track to confirm the positive profile once again.
Fresh filings for unemployment benefits have already resumed an upbeat descend in recent months right after a run of flat readings.