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UK labour market data is making the Bank of England's task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment,...
UK employment falls but wage growth remains high BoE Governor Bailey says inflation will fall but more rate hikes needed The British pound has edged upward on Tuesday. In the European session, GBP/USD...
The US dollar is stabilizing after Friday’s big NFP-driven drop, but a Fed rate hike later this month remains the odds-on likelihood ahead of CPI tomorrow. GBP/USD dropped a quick 100 pips at...
Friday's US employment report sparked a sell-off in both the dollar and stock indices, as the pace of job creation missed forecasts, but hourly earnings growth beat expectations.The economy added 209k...
OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD in light of the recent US economic data. Original Post
Another day brings another set of data to support further Fed tightening. That should be the main story with the release of US personal income data and the core PCE deflator for May. Barring a data...
The US dollar is bouncing off its intraday lows after generally strong economic data this morning. With traders already pricing in an 80% chance of a 50bps rate hike from the BOE in August, much of...
Bearish: We are currently @ 1.2624 in a flag pattern that is bearish.. IF we can break support here, we are looking for a continuation to the ATR Target (NYSE:TGT) @ 1.2545 with the overall target...
We’ve heard from various central banks over the past two weeks and the takeaways remain the same: wait for more data to give further insight into the development of the economy and determine...
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