FXMarketAlerts Team
FXMarketAlerts
Published at 08:27 (GMT) 17 Sep
GBP is back in demand as we approach the employment data and release of the BoE MPC minutes. Price action is likely to be a little jumpy as the number shit the newswires with the algo accounts juggling a large number of 'what ifs', while as we mentioned earlier there is room for some ugly base effects in the employment numbers even if the claimant count and unemployment rate should be solid enough. The .7935 low from Friday has seen a test on the cross, while breaking through 1.6325 on Cable leaves a big gap before next resistance around 1.6460. PB
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