By Rob Howard — Nov 14 - 02:40 AM
Cable climbs to 1.2300, high since Thursday, on hot UK wages and jobs data
UK Q3 wages up 7.9% vs 7.4% f/c; prior print revised up by 0.1% to 8.2%
UK employment up 54k in 3mths to Sept vs minus 198k f/c. Oct payrolls up 33k
1.2280 was Asian session high (pre-UK data). 1.2280 was also Monday's high
Hot UK wages, jobs data is blow for doves advocating early BoE rate cuts
MPC's hawkish Mann aided Monday's rise to 1.2280. Dhingra speaks at 1200 GMT
Source:
Refinitiv IFR Research/Market Commentary