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British pound eyes UK employment release

From marketpulse.com

The British pound has started the week in positive territory. In the European session, GBP/USD is trading at 1.2166, up 0.17%. The pound had a rough week, falling by 0.74% after a hotter-than-expected US inflation report saw the US dollar climb sharply. It’s a busy week in the UK, with employment data on Tuesday, followed by inflation on Wednesday and retail sales on Friday. The Bank of England will be watching closely, with the inflation report being the key release of the three. The BoE meets next on November 2nd after pausing at the September meeting. The decision marked the first time after 14 consecutive rate ... (full story)

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  • Category: Fundamental Analysis