Tuesday, 12 September 2023

UK Unemployment Ticks Higher as Total Earnings Remains Sticky, GBP/USD Slides

UK unemployment rises to 4.3%, a near two-year high while earnings continue to accelerate. The Bank of England (BoE) seems to be in a tough spot heading into the September meeting.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...