GBP/USD holds steady around 1.2500
Hello everyone!
During the Asian session on Tuesday, the GBP/USD pair continues its downward movement from the mid-1.2500s area, following a late pullback from that level. The spot prices are currently hovering around the significant 1.2500 mark and are still close to a three-month low that was reached last week.
During the Asian session on Tuesday, the GBP/USD pair continues its downward movement from the mid-1.2500s area, following a late pullback from that level. The spot prices are currently hovering around the significant 1.2500 mark and are still close to a three-month low that was reached last week.
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The UK labor market cooled down slightly but wage inflation remained at elevated levels, despite the Bank of England’s (BoE) 14 interest rate hikes in a row since late 2021, to curb stubbornly high inflation.
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The Unemployment Rate for the quarter ending to July rose to 4.3% as anticipated by market participants from the prior reading of 4.2%.
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Today there will be news about prices, so please remember to carefully pay attention to the market
