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GBP/USD Price Analysis: Weaker Jobs Ignite BoE Rate Cut Bets

by Forex Crunch
November 12, 2024
in Forex Analysis
Reading Time: 1 min read

UK wage growth, excluding bonuses, cooled in September.  The UK unemployment rate rose to 4.3% after a previous reading of 4.1%. Sterling has lost 1.1% of its value amid the Trump trade. The GBP/USD price analysis indicates a weaker UK labor market, increasing expectations for BoE rate cuts. At the same time, the pair is…
The post GBP/USD Price Analysis: Weaker Jobs Ignite BoE Rate Cut Bets appeared first on Forex Crunch.
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