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Sterling falls as UK jobs data raises doubts on economic resilience

The hammer is dropping on the pound now as traders are starting to feel iffy about today's UK jobs data. The headline showed that payrolls fell for the first time since February 2021, in a sign that perhaps the economic weariness is starting to bite at the labour market.For the pound, we are seeing GBP/USD fall back under 1.2500 to 1.2475 now as sellers continue to keep near-term control (price still trading under both the 100 and 200-hour moving averages).Meanwhile, EUR/GBP is also rising back... Read More

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Content Topics

Sterling

Falls

Jobs

Data

Raises

Doubts

Economic

Resilience

Forex

Posted: May 16 2023, 06:26

Author Name: forexlive

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