By Rob Howard — Sep 12 - 05:45 AM
GBP/USD hits 1.2463 after extending south from 1.2528 (early London high)
1.2528 was high immediately after data showed above f/c 8.5% UK wage growth
Focus then switched to larger than expected 207k decline in UK employment
BoE rate decision next week: markets see 80% chance of 15th consecutive hike
Incoming MPC member Breeden agrees on 'upside' inflation risk nL8N39I5UA
1.2445 (13-week low last week) and 1.2430 (200DMA) are cable support levels
Source:
Refinitiv IFR Research/Market Commentary