British Pound Breaking News: UK Unemployment Hits Levels Last Seen in 1974, GBP Undeterred
UK labor market surprises to the upside but the UK bond market selloff remains the focus for pound as GBP slides against the USD.
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UK labor market surprises to the upside but the UK bond market selloff remains the focus for pound as GBP slides against the USD.
The longer-term downtrend looks to be resuming for GBP/USD as key UK and U.S. economic data points lie ahead next week.
Key services data for the UK and U.S. dominates the economic calendar while PM Liz Truss conference speech aims to restore confidence within her party. Cable tests 1.15.
The last few weeks have been all negative for the markets.
GBP extended losses from last week in what has been an unusual spate of selling during the Asian session as markets mull over loose fiscal policy and GBP/USD tests 1.00.