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Mixed UK employment report leaves GBPUSD depressed

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Sentiment towards the Sterling received a sharp blow during trading on Wednesday with the pound depreciating across the currency markets following the mixed reaction towards the recent UK labour report. Although the UK unemployment rate fell to its lowest level since May 2008 at 5.2%, the slowdown in wage growth in the lastthree months has complimented the Bank of England (BoE) Deputy Governor NematShafik’s cautionary comments towards a UK rate hike taking place until wage growth has

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