GBP/USD: Possible Rise
#trading_idea 💥
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
🔼Sterling rises after UK unemployment rate unexpectedly falls
💸GBP/USD: The pound strengthened on Tuesday after unexpected data revealed a drop in the UK unemployment rate for June. The jobless rate fell to 4.2%, down from 4.4% in May, defying expectations of a rise to 4.5%. In response, sterling climbed 0.24% to $1.2797, up from $1.2779 before the data release. Meanwhile, the euro slipped 0.15% against the pound, trading at 85.49 pence.
💷 Despite the positive job market news, wage growth excluding bonuses slowed slightly, with average weekly earnings up 5.4% year-on-year in the three months through June, compared to 5.8% in May.
🔼We might see a break of the1.2799 key level, with a possible further rise to 1.28484 and 1.28859.
🔽Alternatively, the price may down back to test 1.27515 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.