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Sterling gets a lift as UK jobs report vindicates another BOE rate hike

I outlined some of the details earlier here as to why the report was a rather hawkish one. Essentially, it just bolsters confidence that labour market conditions are holding up despite the economic troubles.There was a bit of a scare last month as payrolls declined in April for the first time since February 2021 but that has now been revised to show a growth instead. Sure, payrolls change is slowing down but it's not recession-like yet. Besides that, the jobless rate ticked lower and wages growt... Read More

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Sterling

Gets

Lift

Jobs

Report

Vindicates

Another

Rate

Hike

Forex

Posted: Jun 13 2023, 06:18

Author Name: forexlive

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