British Workers Get Biggest Pay Raise in 10 Years
In early 2019, UK employers offered the sharpest pay hikes in a decade.
The latest official data indicates a 3.4% increase in British workers’ pay – the fastest pace in over 10 years. This stands in contrast with economic challenges related to Brexit.
Median annual wage deals for this month was at 2.8 percent, compared with awards of 2.0 percent in December, according to preliminary figures collected by pay data firm XpertHR.
UK unemployment is at its lowest rate since the mid-1970s. The Bank of England has said that it expects pay growth to increase, and is likely to increase interest rates gradually against labor market tightening.
EWU in downward trend: 10-day moving average moved below 50-day moving average on October 15, 2024
The 10-day moving average for EWU crossed bearishly below the 50-day moving average on October 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where EWU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EWU as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EWU turned negative on October 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
EWU moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWU advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
EWU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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