FXMarketAlerts Team
FXMarketAlerts
Published at 09:38 (GMT) 17 Dec
No response from GBP as the BoE minutes show the voting split remains at 7-2, but more significantly that the employment numbers are pretty much in line with expectations, if not a touch better. The ILO rate eases to 5.9% and the claimant count drops by 26.9k - more than the 20k expected. Average weekly earnings rose 1.4% on a 3m y/y basis, vs 1.3% expected, but we see Cable sticking to a 1.5710-20 range and EUR/GBP back around .7930-35, though we did see a minor test on .7920, extending this by a few ticks at best. Look for GBP to push higher through the day if the broader USD theme allows.
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