Pound Sterling Price News: GBP/USD flat as UK unemployment rise boosts BoE rate cut expectations
|GBP/USD flat as UK unemployment rise boosts BoE rate cut expectations
The Pound Sterling (GBP) recovers some ground and trims some earlier losses on Tuesday following the release of softer-than-expected labor market figures in the UK, increasing speculation that the Bank of England (BoE) could cut rates at its December meeting. At the time of writing, GBP/USD trades at 1.3172, virtually unchanged. Read More...
Pound Sterling underperforms as UK job market deteriorates further
The Pound Sterling (GBP) falls sharply against its major currency peers on Tuesday. The British currency weakens as the United Kingdom (UK) labour market data for the three months ending September has signaled that job market conditions have deteriorated further. Read More...
GBP/USD holding just below 1.32 as UK labor data rounds the corner
GBP/USD kept its foot on the gas pedal on Monday, extending into a four-day win streak as Cable traders gear up for the latest round of UK employment figures. Veterans Day will see a moderation of market flows in the US on Tuesday, but hopes that the US could be close to wrapping up the longest government funding closure in its history should keep risk appetite well bid and put a hard cap on bullish US Dollar (USD) flows. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.