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GBPJPY Technical Analysis - Mixed picture but the bullish bias prevails

The BoE hiked by 25 bps as expected as the UK CPI missed expectations across the board and UK employment report showed a mixed picture with both the unemployment rate and wage growth higher. The central bank seems to be leaning more on the less hawkish side as a key line in the statement was tweaked to indicate the propensity for a “higher for longer” stance rather than keeping with additional rate hikes. Yesterday, the latest employment report showed even more wage growth despite the unemployme... Read More

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Content Topics

Gbpjpy

Technical

Analysis

Mixed

Picture

Bullish

Bias

Prevails

Forex

Posted: Aug 16 2023, 07:02

Author Name: forexlive

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