share: Sterling trades sideways despite weak labor market data. Britain cut jobs in the three months to July, while wage growth remains strong. The Bank of England may decide on another interest rate hike in September as UK inflation is the highest among the G7 economies. The pound sterling (GBP) …
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share: The Office for National Statistics will publish the UK Labor Market Report at 06:00 GMT on 12 September. UK unemployment is set to rise to 4.3% in the quarter to July. UK jobs and inflation data could have a big impact on the BoE’s interest rate outlook. Following recent …
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share: GBP/USD is lower during the Asian session, although there is a lack of further selling. The US dollar is ending its retreat from a multi-month high and undermining the pair. Traders are now looking for significant momentum in the UK’s monthly employment data. The GBP/USD pair continues the previous …
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share: Sterling rises above two-day highs as risk-sensitive currencies gain traction. Investors are turning their attention to UK employment data for July due out on Tuesday. BoE Pill and Mann will speak on Monday and Tuesday, respectively. Sterling (GBP) is rebounding strongly as bearish market sentiment eases, while the broader …
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