DislikedNFP doesnt matter if Unemployment rate falls when EVEN when NFP falls... as far as it seems NFP jobs created fell from 250k to 120k... doesnt mean jobs shrank...
the CREATION of Jobs just didnt keep up...
it still created 120k and guess what.. 120k jobs created is good enough to lower unemployment rate... so this is a GOOD NEWS for US...
Now the HALIFAX HPI... being the Housing Price Index... increased to 2%, HOWEVER that may not necessarily be good news to UK... IF wages only rose by 1% and House prices rose by 2%, people are 1% worse off as...Ignored
A break and hold above 1.5930 would give me concern for further upside...until then I see the GBP heading south.