Day: July 12, 2023

The British pound sterling continues to gain weight against the US dollar. The current GBPUSD quote is 1.2931. The UK economy created 102,000 jobs in June, which is less than in May and clearly below the consensus forecast. The unemployment rate increased to 4.0% from 3.8% before. The claimant count change rose by 25.7 thousand […]

USD Under Pressure Gold prices are rallying on Tuesday as the USD sell off deepens. The greenback came under pressure late last week as the latest round of US labour market readings failed to deliver and bullish encouragement. With the headline NFP coming in below expectations, marking a sharp drop on the prior month, there […]

UK Data in Focus GBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with UK inflation still rampant, the unemployment rate creeping higher, and interest rates set to move higher still from already elevated levels, the […]