FXMarketAlerts Team
FXMarketAlerts
Published at 07:26 (GMT) 16 Apr
GBP is in relatively good shape heading towards the UK employment data, Cable just short of the 1.6748 high seen yesterday and the EUR/GBP bounce having flagged ahead of .8270. While the BoE has done it's best to take the 7% ILO unemployment threshold out of the discussion we would still expect a GBP positive reaction if we see it (mkt 7.1%), though with the market long of GBP we could see an equal sell-off if the rate is left unchanged at 7.2%. In the meantime there is no convincing argument to trade either way. PB
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