Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 12 - 03:55 AM

GBP/USD - Weighed Down By Steep Drop In UK Employment

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!