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Home›Forex›Major Pairs›British Pound: Stronger labour data backs BoE hikes –…

British Pound: Stronger labour data backs BoE hikes – MUFG

Reported · Written up by our desk · Major Pairs

MUFG’s Lee Hardman notes the Pound is strengthening, with EUR/GBP near its year-to-date low and GBP/USD above 1.3350, as stronger UK labour data show rising payrolled employment and private sector wage growth in line with Bank of England projections. He argues this supports expectations for BoE rate hikes and a lower EUR/GBP trading range between 0.8200 and 0.8400.

Latest closeGBP/USD 1.323 ▼0.3%

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Sources

FXStreetBritish Pound: Stronger labour data backs BoE hikes – MUFG

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