EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, but CPI Holds Key to Breakout
Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to adopt a more patient near-term stance on interest rates. The sharp decline in payroll employment, rising unemployment rate, and cooling wage g
Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to adopt a more patient near-term stance on interest rates. The sharp decline in payroll employment, rising unemployment rate, and cooling wage growth excluding bonuses all pointed to a labor market that is gradually losing momentum, reducing […] The post EUR/GBP: Weak UK Jobs Data Pushes BoE Toward Patience, but CPI Holds Key to Breakout appeared first on ActionForex.