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Pound Sterling drops as UK government turns to wage cuts to tame sticky inflation

Pound Sterling drops as UK government turns to wage cuts to tame sticky inflation
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United statesUnited kingdomAndrew baileyJeremy huntBritain conservative partyServices pmisParty asPound sterlingConsumer price indexBoe governor andrew baileyUnited kingdom retail salesAnnualized retail salesConservative partyFinance minister jeremy huntFederal reserveUnited states durable goods orders

GBP/USD looks vulnerable above 1 2700 despite Fed-BoE policy divergence narrows

The GBP/USD pair is struggling in maintaining its auction above the round-level support of 1.2700 in the London session. The Cable is expected to deli

United kingdomCity ofAndrew baileyPound sterlingUnited kingdom retail salesFederal reserveBoe governor andrew baileyConsumer price indexAnnualized retail sales