GBP/USD Forecast: under pressure on mixed employment data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound advanced to a fresh weekly high of 1.5184 against the greenback at the beginning of the day, but began to retreat with the European opening, and extends its slide after the release of mixed UK employment figures. The unemployment rate drop to 5.3%, but jobless claims rose beyond expected in October, up by 3,3K. Wages growth softened, with average earning excluding bonus resulting at 2.5% in the last quarter. The GBP/USD pair 4 hours chart shows that the price has

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