The UK jobless rate fell from 4.4% in May to 4.2% in June. After the UK employment report, investors reduced the likelihood of a September BoE cut from 38% to 35%. Traders remained cautious as they awaited US wholesale inflation data. The GBP/USD outlook shows increased bullish enthusiasm, with the pound rallying after better-than-expected UK…
The post GBP/USD Outlook: Sterling Rallies as UK Jobless Rate Falls appeared first on Forex Crunch.
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