UK Jobs Data Boosts GBP: What's Next for GBPUSD?
The British pound is getting a boost after the UK unemployment rate dropped to 4%, better than the expected 4.1%. Wage growth met forecasts, but the claimant count rose to 27.9k, higher than the expected 20.2k, which is a negative sign.
This data supports GBPUSD, holding just above the September 11th low of 1.2999. A break below could lead to further declines, but if it stays above, it may rise past Monday's high of 1.3083, targeting 1.3130.
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This data supports GBPUSD, holding just above the September 11th low of 1.2999. A break below could lead to further declines, but if it stays above, it may rise past Monday's high of 1.3083, targeting 1.3130.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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