UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden’s comments, could impact GBP/USD’s trajectory. The GBP benefitted following a positive UK labor […]
The post GBP/USD Rises on Robust Labor Data – Challenges Ahead for the BoE appeared first on Action Forex.
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