By Rob Howard — Sep 12 - 02:50 AM
Cable eases to 1.2498 after larger than expected drop in UK employment
Down 207k in three months to July vs minus 185k f/c. 1.2498 = intra-day low
UK ex-bonus wages up 8.5% vs 8.2% forecast; regular wages up 7.8%, as f/c
UK ILO jobless rate 4.3%, as f/c. 1.2501-1.2531 was GBP/USD range in Asia
1.2548 was Monday's high, after Mann's hawkish steer (1.2548 was August low)
BoE rate decision next week: markets see 81% chance of hike 0#BOEWATCH
Source:
Refinitiv IFR Research/Market Commentary