British Pound / U.S. DollarUpdated GBP/USD holds steady around 1.2500
Hello everyone!
During the Asian session on Tuesday, the GBP/USD pair continues its downward movement from the mid-1.2500s area, following a late pullback from that level. The spot prices are currently hovering around the significant 1.2500 mark and are still close to a three-month low that was reached last week.
During the Asian session on Tuesday, the GBP/USD pair continues its downward movement from the mid-1.2500s area, following a late pullback from that level. The spot prices are currently hovering around the significant 1.2500 mark and are still close to a three-month low that was reached last week.
Note
The UK labor market cooled down slightly but wage inflation remained at elevated levels, despite the Bank of England’s (BoE) 14 interest rate hikes in a row since late 2021, to curb stubbornly high inflation.Note
The Unemployment Rate for the quarter ending to July rose to 4.3% as anticipated by market participants from the prior reading of 4.2%.Note
Today there will be news about prices, so please remember to carefully pay attention to the market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.