GBPUSD | Marketoutlook
Investors are preparing for the publication of macroeconomic data next week. The June unemployment rate may increase from 4.4% to 4.5%, with employment falling by 35.000 and the dynamics of average wages, including bonuses, from 5.7% to 4.5%, showing signs of a cooling labor market. In July, the consumer price index, according to preliminary estimates, will adjust from 2.0% to 2.3% YoY, and the core indicator from 3.5% to 3.4%, in line with the Bank of England’s calculations, as a result of which the regulator’s officials will continue the cycle of interest rate cuts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.