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GBP/USD Forecast: back to highs on mixed UK employment report

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound is in franc recovery this Wednesday, heading towards its recent multi-week highs and about to erase yesterday's losses after the UK mixed jobs report. Employment rose 140,000 in the three months to August while unemployment fell 79,000 resulting in an unemployment rate of 5.4%, its lowest in seven years. Wages missed expectations, but remain strong, with average weekly earnings up 3% yearly basis. Lower inflation and higher salaries should boost consumption in the

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