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GBP/USD Price Analysis: Approaches 1.2400 ahead of UK Employment data
The GBP/USD pair has extended its recovery above the immediate resistance of 1.2380 in the Asian session. The Cable is approaching the round-level resistance of 1.2400 ahead of the release of the United Kingdom Employment data. Sheer volatility is expected from the Pound Sterling as the labor market data will have a significant impact on the interest rate decision by the Bank of England (BoE), which is scheduled for May. The Claimant Count Change is expected to decline by 11.8k, higher than the former release of 11.2K. The continuous addition of job seekers into the labor force indicates tight labor market ... (full story)
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- Posted: Apr 18, 2023 1:30am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 1,078
