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GBPJPY Technical Analysis

The BoE surprised at the last meeting with a 50 bps rate hike instead of the 25 bps expected as the hot employment report and the higher inflation data forced the central bank to choose the more aggressive option. Since then, we got another employment report but this time it missed expectations on the jobs side but beat again on the wages side which points to a wage price spiral in action. In fact, the market is pricing in a higher chance of a 50 bps hike at the next meeting, although the UK CPI... Read More

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Gbpjpy

Technical

Analysis

Forex

Posted: Jul 19 2023, 05:57

Author Name: forexlive

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