GBP/USD Forex Signal: Up to 1.2600 as Rounding Bottom Forms

The $GBPUSD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.

Recent economic data from the UK is sending a mixed picture of the economy. For example, recently, data showed that the country’s retail sales declined for the fourth straight month. Another metric revealed that the country’s economy barely grew in March.

The sharp decline of the unemployment rate coincided with an increase in wages in the country. Wage growth that excludes bonus increased from 4.1% to 4.2%. With bonuses included, the country’s inflation rose from 5.6% to 7.0%. The same trend is expected to be seen in the producer sector. They expect that the PPI input and output rose by 19% and 12.5%, respectively. These numbers will come two days after the BOE governor warned that inflation will continue rising even as it continues hiking interest rates.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Daily_Forex /  🏆 567. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

EUR/USD Forex Signal: Euro Heads to a 20-Year LowThe EUR/USD pair will likely have a bearish breakout and drop to the 20-year low of 1.0280.
Les mer »

BTC/USD Forex Signal: Recovery from Dangerous BreakdownTrade bitcoin today using the guide of our Forex signal
Les mer »

EUR/USD Forex Signal: Short-Term Relief Rally ExpectedThe EUR/USD pair rallied to the highest level since May 11th ahead of the upcoming Euro area consumer inflation data.
Les mer »

AUD/USD Forex Signal: Long-Term Bearish Trend PersistsThe $AUDUSD pair pared back some of the losses it made on Monday morning after the weak Chinese economic data.
Les mer »

EUR/USD Forex Signal: Ripe for a Major Bearish BreakoutThe EUR/USD pair declined slightly as concerns about the future of the European economy continued.
Les mer »

GBP/USD extends post-UK CPI decline, flirts with 1.2400 mark amid modest USD strengthThe GBP/USD pair added to its heavy intraday losses and dropped to a fresh daily low, below the 1.2400 mark during the early part of the European sess
Les mer »