UK unemployment claims fell sharply from 102,300 to 23,700. After the nonfarm payrolls report, the likelihood of a 50 bps September Fed rate cut fell. Economists predict soft US inflation figures on Wednesday. The GBP/USD price analysis shows a brief rebound due to positive UK employment data. Nevertheless, the downtrend remains intact as the dollar…
The post GBP/USD Price Analysis: UK Employment Gains Fuel Rebound appeared first on Forex Crunch.
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