BoE Governor Andrew Bailey said overnight that the latest U.K. labor market data released this week reinforced his view that inflation pressures are continuing to ease gradually. Speaking at an IIF event in Washington, Bailey noted “I’ve been saying this for some time, but I think we’re seeing some softening of labor markets”. Bailey acknowledged […]
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Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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