When are the UK jobs and how could they affect GBP/USD? By anilpanchal7 UnitedKingdom GBPUSD Employment Events RiskAppetite
Given the expectations of sustained rate hikes by the Bank of England , coupled with the latest testimony from BOE Governor Andrew Bailey confirming fears of inflation, today’s jobs report becomes crucial to recall the GBP/USD pair buyers. Also highlighting today’s employment numbers is the cable’s recent corrective pullback from a two-year low.
Further, the ILO Unemployment Rate is likely to remain intact for the three months ending in March. It’s worth noting that the Claimant Count Change figures are expected to improve to -38.8K versus -46.9K previous readouts.Readers can find FXStreet's proprietary deviation impact map of the event below. As observed the reaction is likely to remain confined around 20-pips in deviations up to + or -2, although in some cases, if notable enough, a deviation can fuel movements over 60-70 pips.
As a result, FXStreet’s Yohjay Elam said, “All in all, UK job figures may boost GBP/USD temporarily, but fail to trigger a more-pronounced upside turn for the currency pair.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK Jobs Preview: Why GBP/USD may offer an early selling opportunity, and whenHow will UK job figures impact GBP/USD? I think they will likely come out better than expected, as Britain's labor market remains strong despite the c
Read more »
GBP/USD sees upside above 1.2250 as risk-on impulse rebounds, UK Employment in focusThe GBP/USD pair is hovering around 1.2250 at open and is likely to elevate further amid a rebound in the risk-sensitive assets experienced on Friday,
Read more »
GBP/USD regains 1.2300 despite Brexit woes, BOE’s Bailey, focus on UK jobs, US Retail SalesGBP/USD regains 1.2300 despite Brexit woes, BOE’s Bailey, focus on UK jobs, US Retail Sales By anilpanchal7 GBPUSD Brexit BOE Employment RetailSales
Read more »
Glass Animals, Ed Sheeran and Rolling Stones win for UK at Billboard AwardsThe biggest winners on the night were Drake, Olivia Rodrigo and Taylor Swift who won a raft of awards each at the glitzy ceremony that was held at the MGM Grand Garden Arena in Las Vegas
Read more »
Vauxhall Insignia axed in UK, to return as EV by 2026 | AutocarThe Vauxhall Insignia has been taken off sale in the UK, and will be a radically different proposition when it's eventually replaced
Read more »
UK Independent Film And TV Boosted With $25M Global Screen FundThe UK’s independent film and TV sector has been given a shot in the arm with a £21M ($25M) Global Screen Fund building on the success of a pilot launched during the pandemic. The Global Scre…
Read more »