Unemployment in the UK dropped to 3.5% in August. The BoE is concerned the shrinking labor market will push up inflation. Investors are anxiously selling off UK government bonds. Today’s GBP/USD outlook is bearish as panic returns to the UK markets. British Finance Minister Kwasi Kwarteng, whose unfunded tax cuts sent the bond market into … Continued
The post GBP/USD Outlook: Struggling Despite Unemployment Rate at 48-year Low appeared first on Forex Crunch.
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