The Bank of England has been cautious in signaling deep rate cuts, and today’s labor data paints a mixed picture.
While 59K payrolls fell, employment surged by 265K in July, mostly full-time.
If GDP disappoints tomorrow, expect selling pressure on GBP/USD.
Stay alert for potential opportunities to short the pound.
#forex #fundamentalanalysis #forextrading
While 59K payrolls fell, employment surged by 265K in July, mostly full-time.
If GDP disappoints tomorrow, expect selling pressure on GBP/USD.
Stay alert for potential opportunities to short the pound.
#forex #fundamentalanalysis #forextrading