GBP/USD pierces 1.3000 despite mixed UK jobs report, BOE’s Bailey, US inflation eyed – by anilpanchal7 GBPUSD Employment BOE Fed Inflation
e Cable pair buyers attack 1.2300 round figure, up 0.20% intraday near 1.2280 heading into Tuesday’s London open, despite mixed employment data.
As per the latest jobs report from the UK’s Office for National Statistics , the monthly Claimant Count Change marked a positive surprise of 30.5K in November versus -13.3K expected and -6.4K prior. Further, the Unemployment Rate matched 3.7% market forecast during the three months to October. It should be noted that the upbeat average earnings seemed to have favored the GBP/USD buyers.
That said, the US CPI, expected 7.3% YoY, versus 7.7% prior figure, will be crucial for near-term directions. It should be noted that the CPI ex Food & Energy appears to be the key and is expected to be unchanged at 0.3% MoM. Governor Andrew Bailey will be important for the GBP/USD pair traders as they await the next moves of the “Old Lady”, as the BOE is informally called.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD: Weekly Forecast 11th December \u2013 16th DecemberThe GBP/USD went into the weekend near the 1.21650 mark, which is a lower value than the previous week\u2019s finish.
Read more »
Trading Support and Resistance \u2013EUR/USD, GBP/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
GBP/USD faces barricades around 1.2300 as anxiety soars ahead of Fed/BOE policyThe GBP/USD pair has corrected to near 1.2250 after facing hurdles near the round-level resistance of 1.2300 in the early Asian session. The Cable has
Read more »
GBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likelyGBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likely – by Sagar_Dua24 GBPUSD SupportResistance Momentum RiskAversion DollarIndex
Read more »
When are the UK data releases and how could they affect GBP/USD?The British economic calendar is all set to entertain the cable traders during the early hours of Monday, at 07:00 GMT with the monthly release of Oct
Read more »
GBP/USD probes bears above 1.2200 on UK data dump, BOE, Fed eyedGBP/USD picks up bids to rebound from the intraday low of 1.2207 after the UK data flashed upbeat statistics during early Monday. In doing so, the Cab
Read more »